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Revenue Management in Airlines and External Factors Affecting Decisions: The Harmonic Oscillator Model
Resource type
Authors/contributors
- Arraut, Ivan (Author)
- Rosado, Wilson (Author)
- Leong, Victor (Author)
Title
Revenue Management in Airlines and External Factors Affecting Decisions: The Harmonic Oscillator Model
Abstract
The Revenue Management (RM) problem in airlines for a fixed capacity, single resource and two classes has been solved before by using a standard formalism. In this paper we propose a model for RM by using the semi-classical approach of the Quantum Harmonic Oscillator. We then extend the model to include external factors affecting the people’s decisions, particularly those where collective decisions emerge.
Publication
Mathematics
Volume
12
Issue
6
Pages
847
Date
2024/1
Language
en
DOI
10.3390/math12060847
ISSN
2227-7390
Short Title
Revenue Management in Airlines and External Factors Affecting Decisions
Accessed
3/18/24, 6:36 AM
Library Catalog
Extra
Number: 6
Publisher: Multidisciplinary Digital Publishing Institute
Citation
Arraut, I., Rosado, W., & Leong, V. (2024). Revenue Management in Airlines and External Factors Affecting Decisions: The Harmonic Oscillator Model. Mathematics, 12(6), 847. https://doi.org/10.3390/math12060847
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