Overbooking is a methodology in revenue management to optimize important decision
making for perishable resources or services with uncertain demand. Overbooking allows an …

Focusing on a seller's regret in not acting optimally, we develop a model of overbooking and
fare-class allocation in the multifare, single-resource problem in revenue management. We …

Advanced booking and reservation policies involving perishable items have been
extensively applied in striving to deal with volatile demand in a highly competitive …

Motivated by the fact that pay-per-use rentals require firms to be responsible for the the
operational costs of products and service support network, we establish a pay-per-use rental …

Monopolistic pricing models for revenue management are widely used in practice to set
prices of multiple products with uncertain demand arrivals. The literature often assumes …

In many inventory settings companies wish to provide customer-differentiated service levels.
These may, for example, be motivated by differences in the perceived customer lifetime …

Overbooking is a technique which sells goods or services in excess of the available capacity
because there is a possibility that some customers might not show up. In air cargo …

Purpose–This paper aims to develop overbooking models to determine the optimal number
of overbooking for hotels having one and two different types of rooms. Design/methodology …

In this paper, a novel data-driven overbooking model is developed. Unlike traditional models
in this area, our new model first applies some machine learning techniques to classify the …

In this paper the optimal sourcing decisions of a multi-product newsvendor prior to the
selling season of the products are studied. To satisfy the uncertain demands, the …