Dynamic Airline Seat Inventory Control

Abstract

Dynamic booking policy for multiple fare classes that share the same seating pool on one leg of an airline flight, when seats are booked in a nested fashion and when lower fare classes book before higher ones, is determined. The dynamic policy of airline booking makes repetitive use of a static method over the booking period, based on the most recent demand and capacity information. It allows one to allocate seats dynamically and anticipatory over time.