| Author | Yiu, Wai Ling |
| Call Number | AIT Thesis no. IE-79-21 |
| Subject(s) | Air lines--Reservations
|
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Abstract | Fully reserved passenger-carryings flights frequently depart with significant number of unoccupied seats, mainly due to no-shows and cancellations. Overbooking is thus widely practiced to cope with this
problem. However, because of the stochastic variation in demand, cancellation and no-show, overbooking may lead to over sales resulting in last-hour rejection of some of the booked passengers. This thesis is
concerned with the development of a mathematical model for determining the appropriate booking level.. A stochastic dynamic programming model is formulated to find the optimal decision level for a non-stop flight carrying one class of
passengers. The validity and structure of the model is applied to a real world problem and the results are observed to be satisfactory. A sensitivity analysis of the model is also included. Although the model is applied to a specific case, the methodology can be applied to
any airline facing similar problem of passenger reservation. |
| Year | 1979 |
| Type | Thesis |
| School | School of Engineering and Technology |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Engineering (IE) |
| Chairperson(s) | Pakorn Adulbhan ; Tabucanon, Mario T.
|
| Examination Committee(s) | Tang, John C.S.
|
| Scholarship Donor(s) | Federation of Economic Organizations, Japan |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1979 |