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dc.contributor.advisor Elayat, Hatem
dc.contributor.advisor Nassef, Ashraf
dc.contributor.advisor Elimam, Abdelghani Bonsa, Getachew Basa
dc.creator Bonsa, Getachew Basa 2011-12-29T16:20:01Z 2011-12-29T16:20:01Z 2011 Fall 2011-12-29T16:20:01Z
dc.description.abstract Revenue Management, also known as yield management, is a technique used by airline industries to maximize revenue by allocating the available seats to the right customers at the right price. Overbooking is an airline revenue management technique that enables airlines to sell more seats than available in order to account for the fact that some of the passengers may not show-up or cancel their flights on the departure day. The objective of this thesis is to develop an overbooking model for a single-leg multi-fare class flight considering a realistic distribution of no-show data collected from the Ethiopian airlines. The overbooking model developed considers the interaction (i.e. the transfer of an extra passenger in a lower fare classes to higher fare class empty seat) between classes that may exist during boarding time. Moreover, this work investigates the economic rationale behind the no overbooking policy used by Ethiopian airlines for some of its flights. The overbooking model developed was solved using both a closed form approach using derivatives and Monte Carlo simulation with a derivative free optimization algorithm. A comparison of the revenue generated from no-overbooking policy, the closed form solution, and the Monte Carlo simulation solution approach shows that the Monte Carlo simulation solution approach performs well. Generally, the numerical results show that the overbooking model is effective in determining the optimal number of overbooking for a number of classes and a variety of compensation cost plans. en
dc.format.medium theses en
dc.language.iso en en
dc.rights Author retains all rights with regard to copyright. en
dc.subject Revenue management en
dc.subject Ethiopian Airlines en
dc.subject.lcsh Thesis (M.S.)--American University in Cairo en
dc.title Modeling and optimization of single-leg multi-fare class overbooking problem: the case of Ethiopian Airlines en
dc.type Text en
dc.subject.discipline Mechanical Engineering en
dc.rights.access This item is available en
dc.contributor.department American University in Cairo. Dept. of Mechanical Engineering en

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  • Theses and Dissertations [921]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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