J. B. G. Frenk

Single-Leg Airline Revenue Management with Overbooking

  • Nursen Aydin
  • Ş. İlker Birbil
  • Nilay Noyan
  • J. B. G. Frenk
    • Categories Airline Optimization, Applications - OR and Management Sciences

    Airline revenue management is about identifying the maximum revenue seat allocation policies. Since a major loss in revenue results from cancellations and no-show passengers, over the years overbooking has received a significant attention in the literature. In this study, we propose new models for static and dynamic single-leg overbooking problems. In the static case, we … Read more

    On EOQ Cost Models with Arbitrary Purchase and Transportation Costs

  • Ş. İlker Birbil
  • Kerem Bülbül
  • J. B. G. Frenk
  • H.M. Mulder
    • Categories Applications - OR and Management Sciences

    We analyze an economic order quantity cost model with unit out-of-pocket holding costs, unit opportunity costs of holding, fixed ordering costs, and general purchase-transportation costs. We identify the set of purchase-transportation cost functions for which this model is easy to solve and related to solving a one-dimensional convex minimization problem. For the remaining purchase-transportation cost … Read more