cancellation forecasting – Optimization Online

Passenger Name Record Data Mining Based Cancellation Forecasting for Revenue Management

Published: 2008/04/16

Data-Mining, Yield Management cancellation forecasting, pnr data mining, revenue management, support vector machines, two-class probability estimation

Revenue management (RM) enhances the revenues of a company by means of demand-management decisions. An RM system must take into account the possibility that a booking may be canceled, or that a booked customer may fail to show up at the time of service (no-show). We review the Passenger Name Record data mining based cancellation … Read more