Deep learning can teach us new ways to generate revenue for airlines

Revenue management (RM) is the science that looks at how to maximise revenue for airlines. Reinforcement learning (RL) is an area of machine learning focused on how machines take actions in order to optimise a given reward (e.g. revenue) by interacting with its dynamic environment. As a matter of fact, our research paper on RL received the best innovation award at The Airline Group of the International Federation of Operational Research Societies (AGIFORS) conference 2017, one of the most prestigious professional societies dedicated to the advancement and application of operational research within the airline industry.

Collected and summarized from the source below by Minh Pham