Unconstraining Methods in Revenue Management Systems: Research Overview and Prospects

Author:

Guo Peng1,Xiao Baichun12,Li Jun1

Affiliation:

1. School of Economics & Management, Southwest Jiaotong University, Chengdu 610031, China

2. Department of Management, College of Management, Long Island University, C.W. Post Campus, Brookville, NY 11548, USA

Abstract

Demand unconstrainingis one of the key techniques to the success of revenue management systems. This paper surveys the history of research on unconstraining methods and reviews over 130 references including the latest research works in the area. We discuss the relationship betweencensoreddata unconstraining and forecasting and review five alternative unconstraining approaches. These methods consider data unconstraining in various situations such as single-class, multi-class, and multi-flight. The paper also proposes some future research questions to bridge the gap between theory and applications.

Funder

National Natural Science Foundation of China

Publisher

Hindawi Limited

Subject

Management Science and Operations Research

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