id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ijassa-112	Nechval, Nicholas A.; Nechval, Konstantin N.; Purgailis, Maris	Improved Airline Seat Inventory Control Policies under Parametric Uncertainty of Customer Demand Models	2012	11	.pdf	application/pdf	4146	210	63	He suggests closing down the low fare class when the certain revenue from selling low fare seat is exceeded by the expected revenue of selling the same seat at the higher fare. The following assumptions are made: (1) single-leg flight: bookings are made on the basis of a single departure and landing; no allowance is made for the possibility that bookings may be part of larger trip itineraries, (2) independent demands: the demands for different fare classes are stochastically independent, (3) low before high demands: the lowest fare reservations requests arrive first, followed by the next lowest, etc., (4) no cancellations: cancellations, no-shows and overbooking are not considered, (5) nested classes: any fare class can be booked into seats not taken by bookings in lower fare classes, (6) fare classes: the business and economy fare classes are considered.	cache/ijassa-112.pdf	txt/ijassa-112.txt