Open AccessA dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
Author(s) -
Wuyang Yuan,
Lei Nie,
Xin Wu,
Huiling Fu
Publication year - 2018
Publication title -
plos one
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.99
H-Index - 332
ISSN - 1932-6203
DOI - 10.1371/journal.pone.0201718
Subject(s) - reservation , transfer (computing) , operations research , computer science , inventory control , control (management) , focus (optics) , ticket , time horizon , mathematical optimization , engineering , computer security , mathematics , computer network , physics , optics , artificial intelligence , parallel computing
Railway seat inventory control aims to maximize ticket sale profits by determining a selling policy on the reservation horizon. This paper introduces a dynamic bid price approach in railway seat inventory control problem. Multi-dimensional demand is taken into consideration in modeling the problem, in which passenger transfer is our main focus. A new approximate approach is designed to this problem. Numerical examples are presented to evaluate the efficiency of this approach. Simulation experiments are conducted to verify the impact of transfer under different scenarios.