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STUDY OF NONLINEAR PROGRAM MODELS FOR SOLVING REVENUE MANAGEMENT IN AIRLINE TNDUSTRY

Siti Rusdiana et al.

Abstract


It is a common practice for Airline Industries have bargaining discount
prices of tickets are sold to seat in cabin on the same flight. That calls
Revenue Management. The yield management has focused mainly on the
airline industries. Bathia, Parekh and Richter have developed some simple
decision rules to determine optimal booking limits in nested fare inventory
system. To maximize the expected revenue, management needs to
determine the optimal times to switch between prices based on the
remaining season and inventory.


Keyword: Mathematical modeling, Nonlinear programming, Inventory
Control


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