Dynamic Pricing for Airline Revenue Management under Passenger Mental Accounting
Dynamic Pricing for Airline Revenue Management under Passenger Mental Accounting
复制标题
乘客心理账户下航空公司收益管理的动态定价
DOI:
10.1155/2015/836434
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发表时间:
2015-01
影响因子:
--
通讯作者:
Lun Ran
中科院分区:
文献类型:
--
作者:
Yusheng Hu;Jinlin Li;Lun Ran
Mental accounting is a far-reaching concept, which is often used to explain various kinds of irrational behaviors in human decision making process. This paper investigates dynamic pricing problems for single-flight and multiple flights settings, respectively, where passengers may be affected by mental accounting. We analyze dynamic pricing problems by means of the dynamic programming method and obtain the optimal pricing strategies. Further, we analytically show that the passenger mental accounting depth has a positive effect on the flight’s expected revenue for the single flight and numerically illustrate that the passenger mental accounting depth has a positive effect on the optimal prices for the multiple flights.
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DOI:
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Oper. Res.
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Eur. J. Oper. Res.
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