RM2 (version 0.0)

EMSRb: Perform EMSR-b with Buy-up Heuristic for the Single-Resource Problem

Description

EMSRb heuristic sets the protection levels for multiple fare classes.

Usage

EMSRb(Fare = Fare, Mean = Mean, Var = Var, p_up = numeric(length(Fare)), cap = cap)

Arguments

Fare

revenue vector associated with selling the offered products

Mean

mean product demand

Var

product demand variance

p_up

buy-up probabilities. The default entails no buy-up probabilities.

cap

available capacity

Value

p

protection levels

Details

EMSRb sorts internally the Fare vector together with all other input vectors in descending order of the revenues. If p_up is missing, EMSRb performs the classical EMSRb heuristic.

Examples

## Run a simple EMRSb instance
Fare <- c(150, 100, 50, 250)
Mean <- c(75, 125, 500, 50)
Var <- c(75, 125, 500, 50)
cap <- 400
p <- EMSRb(Fare = Fare, Mean = Mean, Var = Var, cap = cap)
p