Assignment of a stochastic production capacity to two groups of customers
Publish place: 4th International Industrial Engineering Conference
Publish Year: 1384
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
IIEC04_027
تاریخ نمایه سازی: 7 مهر 1385
Abstract:
In this paper, we formulate capacity allocation problems in a Revenue Management structure. In this model, it is assumed the production apacity is stochastic. There are two groups of customers demanding this capacity. The price for each group as well as the penalty for overbooking is also different for two groups. The model is developed mathematically and we propose an analytical solution method. The properties of optimal solution and the behavior of objective function is also analyzed.
Keywords:
Revenue Management / Capacity Allocation / Stochastic Capacity / Seat Inventory Control
Authors
Mohammad Modarres
Sharif University of Technology, Tehran, Iran
Mehdi Sharifyazdi
Sharif University of Technology, Tehran, Iran