A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer

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,...

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Detalles Bibliográficos
Autores principales: Yuan, Wuyang, Nie, Lei, Wu, Xin, Fu, Huiling
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2018
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6093683/
https://www.ncbi.nlm.nih.gov/pubmed/30110356
http://dx.doi.org/10.1371/journal.pone.0201718
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author Yuan, Wuyang
Nie, Lei
Wu, Xin
Fu, Huiling
author_facet Yuan, Wuyang
Nie, Lei
Wu, Xin
Fu, Huiling
author_sort Yuan, Wuyang
collection PubMed
description 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.
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spelling pubmed-60936832018-08-30 A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer Yuan, Wuyang Nie, Lei Wu, Xin Fu, Huiling PLoS One Research Article 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. Public Library of Science 2018-08-15 /pmc/articles/PMC6093683/ /pubmed/30110356 http://dx.doi.org/10.1371/journal.pone.0201718 Text en © 2018 Yuan et al http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Yuan, Wuyang
Nie, Lei
Wu, Xin
Fu, Huiling
A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title_full A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title_fullStr A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title_full_unstemmed A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title_short A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
title_sort dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6093683/
https://www.ncbi.nlm.nih.gov/pubmed/30110356
http://dx.doi.org/10.1371/journal.pone.0201718
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