simulation

Global Optimization of Non-Linear Systems of Equations by Simulating the Flight of a Projectile in the Conformational Space

  • Nicholas Harkiolakis
    • Categories Nonlinear Optimization, Optimization Software and Modeling Systems, Stochastic Approaches Tags , , , , ,

    A new heuristic optimization algorithm is presented based on an analogy with the physical phenomenon of a projectile launched in a conformational space under the influence of a gravitational force. Its implementation simplicity and the option to enhance it with local search methods make it ideal for the optimization of non-linear systems of equations. The … Read more

    Maximising Revenue in the Airline Industry Under One-Way Pricing

  • Miguel F. Anjos
  • Russell C H Cheng
  • Christine S M Currie
    • Categories Airline Optimization, Applications - OR and Management Sciences, Yield Management Tags , , ,

    This paper describes a methodology that has been implemented in a major British airline to find the optimal price to charge for airline tickets under one-way pricing. An analytical model has been developed to describe the buying behaviour of customers for flights over the selling period. Using this model and a standard analytical method for … Read more