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This paper presents a modelling framework to evaluate ticket distribution strategies for commercial airlines. The … framework adopts a micro-simulation approach that replicates how prospective travellers select their travel itineraries that are …
Persistent link: https://www.econbiz.de/10008539533
This paper presents a modelling framework for Airline Competition Analysis and Demand Modelling (ACADM). The framework … adopts a micro-simulation approach in which airline service capacity and passenger demand are represented at the finest … disaggregate level. The main contribution of this modelling framework is that it simultaneously considers primary factors that …
Persistent link: https://www.econbiz.de/10008539534
This paper presents a modelling framework for Airline Competition Analysis and Demand Modelling (ACADM). The framework … adopts a micro-simulation approach in which airline service capacity and passenger demand are represented at the finest … disaggregate level. The main contribution of this modelling framework is that it simultaneously considers primary factors that …
Persistent link: https://www.econbiz.de/10005543626
A theoretic model is developed to calculate the optimal inventory investment for a firm in the rent-to-own industry. This investment question is shown to be equivalent to a queueing problem and queueing technology is employed to fashion a solution. The initial inventory level is a critical...
Persistent link: https://www.econbiz.de/10010669577
results show that it is a promising approach in railway demand forecasting with a low prediction error. …
Persistent link: https://www.econbiz.de/10010669596
Consider a supply chain with one vendor and multiple buyers. That vendor not only manufactures the goods demanded, but also transports them by its own fleet of trucks to buyers that are densely dispersed in a distribution zone. The buyers are sensitive to both price and delivery-time guarantee....
Persistent link: https://www.econbiz.de/10011130174
competitors in Hotel industry. In the past years, demand for Hotel rooms has changed. This changing has several signs. For … booking and travelling, and many other demand patterns have changed. During the last year, the changing has been accelerated … forecast of demand became much harder than ever before. These forecasts are basic ingredients of the revenue management systems …
Persistent link: https://www.econbiz.de/10009132437
systems are of particular interest. Based on a simulation study, the authors infer a severe impact of decentralized codeshare …, complementary codesharing reduces alliance-wide revenues by up to 1 %. Losses increase when a carrier experiences high local demand … or a high degree of codeshare demand, and disseminate over the whole network. Virtual codeshares also cause losses of 0 …
Persistent link: https://www.econbiz.de/10011001400
В статье рассмотрена практика применения метода сверхлимитного бронирования как эффективной стратегии управления доходами авиаперевозчика, учитывающей...
Persistent link: https://www.econbiz.de/10011220813
provide booking limits or bid-prices for all itineraries and fare classes based on demand forecasts. But the actual revenue … generated in the booking process fails to meet expectations. Simple deterministic models based on expected demand generate … better revenue than more advanced probabilistic models. Recently suggested models put even more effort into demand …
Persistent link: https://www.econbiz.de/10010837901