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What is Optimizing Air Cargo Revenue Management about?

This document summarizes a research paper on developing linear programming models to optimize network revenue management for air cargo. The research proposes two LP models to determine optimal bid prices for weight and volume units on each flight leg by approximating the value function. The models are examined through simulations to maximize total revenue. Results show the probabilistic LP model with adjusted opportunity cost estimates performs best, especially under lower demand levels. The models provide

Author

Rahmad Wisnu Wardana

Language

EN