A Combined Average-Case and Worst-Case Analysis for an Integrated Hub Location and Revenue Management Problem
Joint Authors
Huo, Jiazhen
Hou, Yan-Ting
Chu, Feng
He, Jun-Kai
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-03-12
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
This paper investigates joint decisions on airline network design and capacity allocation by integrating an uncapacitated single allocation p-hub median location problem into a revenue management problem.
For the situation in which uncertain demand can be captured by a finite set of scenarios, we extend this integrated problem with average profit maximization to a combined average-case and worst-case analysis of this integration.
We formulate this problem as a two-stage stochastic programming framework to maximize the profit, including the cost of installing the hubs and a weighted sum of average and worst case transportation cost and the revenue from tickets over all scenarios.
This model can give flexible decisions by putting the emphasis on the importance of average and worst case profits.
To solve this problem, a genetic algorithm is applied.
Computational results demonstrate the outperformance of the proposed formulation.
American Psychological Association (APA)
Huo, Jiazhen& Hou, Yan-Ting& Chu, Feng& He, Jun-Kai. 2019. A Combined Average-Case and Worst-Case Analysis for an Integrated Hub Location and Revenue Management Problem. Discrete Dynamics in Nature and Society،Vol. 2019, no. 2019, pp.1-13.
https://search.emarefa.net/detail/BIM-1146609
Modern Language Association (MLA)
Huo, Jiazhen…[et al.]. A Combined Average-Case and Worst-Case Analysis for an Integrated Hub Location and Revenue Management Problem. Discrete Dynamics in Nature and Society No. 2019 (2019), pp.1-13.
https://search.emarefa.net/detail/BIM-1146609
American Medical Association (AMA)
Huo, Jiazhen& Hou, Yan-Ting& Chu, Feng& He, Jun-Kai. A Combined Average-Case and Worst-Case Analysis for an Integrated Hub Location and Revenue Management Problem. Discrete Dynamics in Nature and Society. 2019. Vol. 2019, no. 2019, pp.1-13.
https://search.emarefa.net/detail/BIM-1146609
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1146609