A Simulator To Estimate The Cancellations In YM
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International Journal of Engineering Trends and Technology (IJETT) | 
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| © 2013 by IJETT Journal | ||
| Volume-5 Number-2 |
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| Year of Publication : 2013 | ||
| Authors : P.K.Suri , Rakesh Kumar , Pardeep Kumar Mittal |
Citation
P.K.Suri , Rakesh Kumar , Pardeep Kumar Mittal. "A Simulator To Estimate The Cancellations In YM". International Journal of Engineering Trends and Technology (IJETT). V5(2):66-69 Nov 2013. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group
Abstract
In case of Yield Management (YM), even if the yield is optimized using some technique, it is not guaranteed that the final revenue obtained will be maximum or optimized. Since in almost all the industries where YM can be implemented, some of the customers may either cancel their seats or some customers do not show-up even after their booking. These cases needs to be taken care of as lot of revenue loss may occur due to these cancellations or no-shows. This paper tries to estimate the cancellations via a simulator using GA in an airline YM. The simulator has been developed using MATLAB.
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Keywords
Advance Reservation, Cancellations, Genetic Algorithm, No-shows, Yield Management