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EMSRtrc: relaxation of booking limits by total revenue control for expected marginal seat revenue

机译:EMSRtrc:通过总收入控制放宽预订限制,以达到预期的边际座位收入

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摘要

Abstract The Covid-19 pandemic has negatively affected life worldwide and caused catastrophic loss of life. It has also been harming the economic activities of businesses, and airline companies are among the sectors most affected by this situation. One of the goals for survival in such a situation is to make the best in airline revenue management (ARM). The most helpful model for ARM is Expected Marginal Seat Revenue (EMSR), widely used in the literature and industry. In this study, the simple and effective models that simulated EMSRa, EMSRb, and EMSRc were developed, called EMSR Total Revenue Control (EMSRtrc). The proposed three models aim to keep the simplicity of the original EMSR models while creating a new perspective and methodology. The developed EMSRtrc models were tested with numerical examples and compared with EMSRa, EMSRb, and EMSRc models proposed previously in the literature. Numerical examples show that the developed EMSRtrc models perform better than the EMSRa, b, and c. For the minimum revenue category, the developed EMSRtrc models exhibit outstanding performance. The results show that the proposed models guarantee a higher minimum revenue of 9.900, 11.619, and 2.537, respectively. The EMSRtrc models have generated higher revenue and achieved a higher load factor rate of up to 98 simultaneously. Considering the third numerical example, the approximate number of empty seats is 1.3 for the EMSRtrc-(a), 2.65 for the EMSRtrc-(b), and 7.85 for the EMSRtrc-(c). The overall results demonstrate that the proposed model is an effective tool for ARM.
机译:摘要 Covid-19大流行对全世界的生活产生了负面影响,并造成了灾难性的生命损失。它还损害了企业的经济活动,航空公司是受这种情况影响最大的行业之一。在这种情况下,生存的目标之一是在航空公司收入管理 (ARM) 方面做到最好。对 ARM 最有用的模型是预期边际席位收入 (EMSR),广泛用于文献和行业。在这项研究中,开发了模拟EMSRa、EMSRb和EMSRc的简单有效的模型,称为EMSR总收入控制(EMSRtrc)。提出的三个模型旨在保持原始EMSR模型的简单性,同时创造新的视角和方法。对所建立的EMSRtrc模型进行了数值算例测试,并与文献中提出的EMSRa、EMSRb和EMSRc模型进行了比较。数值算例表明,所建立的EMSRtrc模型优于EMSRa、b和c模型。对于最低收入类别,开发的 EMSRtrc 模型表现出出色的性能。结果表明,所提模型分别保证了较高的最低收益,分别为9.900%、11.619%和2.537%。EMSRtrc 型号产生了更高的收入,同时实现了高达 98% 的更高载客率。考虑第三个数值示例,EMSRtrc-(a) 的空座数约为 1.3,EMSRtrc-(b) 为 2.65,EMSRtrc-(c) 为 7.85。总体结果表明,所提出的模型是ARM的有效工具。

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