Probabilistically Optimized Airline Overbooking Strategies, or ``Anyone Willing to Take a Later Flight?!". Leder, K. Z., Spagnolie, S. E., & Wild, S. M. Journal of Undergraduate Mathematics and Its Applications, 23(3):317–338, 2002.
Probabilistically Optimized Airline Overbooking Strategies, or ``Anyone Willing to Take a Later Flight?!" [link]Paper  bibtex   
@Article{KLSSSW02,
  author  = {Kevin Z. Leder and Saverio E. Spagnolie and Stefan M. Wild},
  title   = {Probabilistically Optimized Airline Overbooking Strategies, or ``{A}nyone Willing to Take a Later Flight?!"},
  journal = {Journal of Undergraduate Mathematics and Its Applications},
  year    = {2002},
  volume  = {23},
  number  = {3},
  pages   = {317--338},
  url     = {http://www.comap.com/product/periodicals/index.html},
}

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