ProBP Optimization
Optimization is the most fundamental part of revenue management systems, is it is the process used to tailor the set of products being offered to maximize revenue. It typically occurs after untruncation and forecasting.
PassengerSim offers several different optimization algorithms, including probabilistic bid price (ProBP) optimization.
example.yaml
rm_systems:
  basic_probp:
    availability_control: bp #(2)!
    processes:
      DCP:
      - step_type: untruncation
        algorithm: em
        kind: leg
      - step_type: forecast
        algorithm: additive_pickup
        kind: leg
      - step_type: probp #(1)!
- The step_typefor probabilistic bid price optimization isprobp, this is how PassengerSim identifies what to do in this step.
- To apply the ProBP optimization results, the rm_systemshould be set to usebp(bid price) availability controls.