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
Date
2024/1
Volume
12
Issue
6
Pages
847
Accessed
3/18/24, 6:36 AM
ISSN
2227-7390
Short Title
Revenue Management in Airlines and External Factors Affecting Decisions
Language
en
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
Academic Units
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