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, in which passenger transfer is the authors' 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.

• Record URL:
  • https://doi.org/10.1371/journal.pone.0201718
• Supplemental Notes:
  • © 2018 Wuyang Yuan et al.
• Authors:
  • Yuan, Wuyang
  • Nie, Lei
  • Wu, Xin (Bruce)
  • Fu, Huiling
• Publication Date: 2018

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: e0201718
• Serial:
  • PLoS One
  • Volume: 13
  • Issue Number: 8
  • Publisher: Public Library of Science
  • EISSN: 1932-6203
  • Serial URL: https://journals.plos.org/plosone/
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Bids; Inventory control; Networks; Passenger trains; Railroads; Seats; Simulation; Transfers
• Uncontrolled Terms: Dynamic pricing
• Subject Areas: Finance; Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; Railroads;

Filing Info

• Accession Number: 01693140
• Record Type: Publication
• Files: TRIS
• Created Date: Feb 19 2019 11:53AM