Correction to: Enhancing robustness to forecast errors in availability control for airline revenue management (Journal of Revenue and Pricing Management, (2024), 10.1057/s41272-024-00475-9)

• Type: Other Publications
• Date: 2024

Authors

Gonçalves, T (Author) Other; Bernardo Almada Lobo (Author) FEUP

Other information

Authenticus ID: P-010-DET

DOI: 10.1057/s41272-024-00487-5

Abstract (EN): In the original version of this article, "Data availability" statement was mistakenly inserted. The following data availability statement should be removed. As a final point, while the traditional independent demand model involves comparing unconstrained bookings with unconstrained demand forecasts to assess prediction accuracy, handling dependent demand is more complex, since the availability of a class affects the demand for other classes. Therefore, it is essential to have forecast data for all control policies, as advocated by Fiig et al. (2014), to establish a standardized method for computing forecast errors. This ensures the accurate functionality of the predictive model for optimal margin correction. The original article has been corrected. © The Author(s), under exclusive licence to Springer Nature Limited 2024.

Language: English

Type (Professor's evaluation): Scientific