News @ ORMS.WBS
Large-scale network revenue management with Lufthansa Systems
A new methodology was developed by Dr Arne Strauss that allows to significantly reduce the runtime of LH Systems’ optimisation module without losing revenue performance on average. As the optimisation process is the most time-consuming module and requires large computer clusters for major firms, there are substantial savings in time or required IT. It is generalizable to many other companies that use RM such as railway operations, for example. A publication co-authored with Philipp Kemmer and Thomas Winter (both LH Systems) is forthcoming in the Journal of the Operational Research Society.
Download the article here.