The role of robust optimization in single-leg airline revenue management

S.I. Birbil, J.B.G. Frenk, J.A. Gromicho Dos Santos, S. Zhang

Research output: Contribution to JournalArticleAcademicpeer-review


In this paper, we introduce robust versions of the classical static and dynamic single-leg seat allocation models. These robust models take into account the inaccurate estimates of the underlying probability distributions. As observed by simulation experiments, it turns out that for these robust versions the variability compared to their classical counterparts is considerably reduced with a negligible decrease in average revenue. © 2009 INFORMS.
Original languageEnglish
Pages (from-to)148-163
JournalManagement Science
Issue number1
Publication statusPublished - 2009

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