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Optimization of seat allocation with fixed prices: An application of railway revenue management in China
2020
PLoS ONE
China Railway Corporation (CRC) has been paid more attention to passenger transportation revenue, with its increase proportion in transportation revenue. Due to the price regulation, the only way CRC can improve ticket sale profit is to find a best seat allocation scheme. This study focuses on the optimization of railway revenue management problem in China with consideration of i) customer behaviors including their arrival and purchase preferences, ii) a specific ticket booking mechanism called
doi:10.1371/journal.pone.0231706
pmid:32315337
fatcat:rdrxzlg5prfxpkpdtt754j5cre