Stochastic data-driven optimization for multi-class dynamic pricing and capacity allocation in the passenger railroad transportation

作者:

Highlights:

• A dynamic pricing and capacity allocation problem for passenger railways is solved.

• A data-driven stochastic optimization methodology is developed as an expert system.

• The firm’s operational costs is considered in a profit optimization model.

• The proposed model and methods are tested using a real-life case study.

• The potential benefits of the developed expert system are demonstrated.

摘要

•A dynamic pricing and capacity allocation problem for passenger railways is solved.•A data-driven stochastic optimization methodology is developed as an expert system.•The firm’s operational costs is considered in a profit optimization model.•The proposed model and methods are tested using a real-life case study.•The potential benefits of the developed expert system are demonstrated.

论文关键词:Revenue management,Dynamic pricing,Capacity allocation,Data-driven optimization,Stochastic programming

论文评审过程:Received 22 July 2019, Revised 9 January 2020, Accepted 13 May 2020, Available online 30 May 2020, Version of Record 10 June 2020.

论文官网地址:https://doi.org/10.1016/j.eswa.2020.113568