Revenue Management Without Forecasting or Optimization: An Adaptive Algorithm for Determining Airline Seat Protection Levels

By G. V. Ryzin, Jeff McGill. 2000

175 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Information Systems, Transportation

View Paper: https://www.semanticscholar.org/paper/a771b4f07b300237e96f9b014618c76aa4c8a2fa

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Abhijit Gosavi

In Management Information Systems

1. Abhijit Gosavi

In Transportation

1. Abhijit Gosavi

Citations in the corpus

• Dynamic Pricing Without Knowing the Demand Function: Risk Bounds and Near-Optimal Algorithms (2009, unknown): “In the context of optimizing seat allocation policies for a single flight multi-class problem, van Ryzin and McGill (2000) show that one can use stochastic approximation methods to reach near-optimal capacity protection levels in the long run.”
• A Reinforcement Learning Algorithm Based on Policy Iteration for Average Reward: Empirical Results with Yield Management and Convergence Analysis (2004, background): “Brumelle and McGill (1993), Curry (1990), van Ryzin and McGill (2000), and Wollmer (1992) reported some shortcomings of the EMSR model.”