Simulating the Multiple Time-Period Arrival in Yield Management

International Journal of Computer Trends and Technology (IJCTT)          
© - October Issue 2013 by IJCTT Journal
Volume-4 Issue-10                           
Year of Publication : 2013
Authors :P.K.Suri , Rakesh Kumar , Pardeep Kumar Mittal


P.K.Suri , Rakesh Kumar , Pardeep Kumar Mittal"Simulating the Multiple Time-Period Arrival in Yield Management"International Journal of Computer Trends and Technology (IJCTT),V4(10):3591-3600 October Issue 2013 .ISSN Published by Seventh Sense Research Group.

Abstract:-  Yield management is such type of problem that depends a lot on time i.e. time of selling is very important. Therefore instead of selling the inventories at one go, it should be divided in some time periods to maximize revenue. This paper aims at capacity allocation during multiple time periods to obtain optimum revenue. The implementation has been done using two techniques i.e. LPP simulator and genetic algorithm. The genetic algorithm has been implemented using Matlab while LPP simulator has been implemented using C. Results in both cases are on expected lines.


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Keywords :— Genetic Algorithm, LPP Simulator, Multiple Time-Period, Yield Management