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Applied mathematics, Economics, Business and Management.
This paper presents an airline overbooking model at a class level for one servcie compartment-cabin. Class level demand data i sused to determine the number of bookings that can be taken for each class. The model is optimised through the use of mulit-dimentsional search routines. The control level model developed is tested with data supplied by Ireland's national airline, Aer Lingus. The model shows a significant improvement over previous methods employed by Aer Lingus and was subsequently adopted by the airline.
Coughlan, J.: Airline Overbooking in the Multi-Class Case. Journal of the Operational Reearch Society, Vol. 50, 1999, pp. 1098-1103.