SYSTEM AND METHOD FOR JOINTLY OPTIMIZING PRICING AND SEAT ALLOCATION

摘要

A system and method for jointly optimizing pricing and allocation contains a memory and a processor. The processor is configured by the memory to perform the steps of: analyzing raw data to detruncate a demand for bookings and to determine how a change in fares affects a volume of bookings; determining how booking limits censor the demand; determining revenues of all time frames for which seats are available; and determining fares and booking limits maximizing total revenues.