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Japan, a country with approximately 127 million inhabitants is a net exporter of tourists despite the high economic development of the country and state of the art transportation means and infrastructure. The paper looks at the domestic tourism as well as the behavioral aspects of the Japanese...
Persistent link: https://www.econbiz.de/10010556186
Models incorporating more realistic models of customer behavior, as customers choosing from an offer set, have recently become popular in assortment optimization and revenue management. The dynamic program for these models is intractable and approximated by a deterministic linear program called...
Persistent link: https://www.econbiz.de/10008633166
Network Revenue Management can be formulated as a stochastic dynamic programming problem ("optimal" solution) whose exact solution is computationally intractable. Consequently, a number of heuristics have been proposed in the literature, the most popular of which are the deterministic linear...
Persistent link: https://www.econbiz.de/10014219534
This paper will argue that it is imperative regulations on UAVs address cybersecurity and privacy issues in order to remain on the forefront of technology within the aviation industry. Although it may seem like it is more important to establish basic laws on UAS, legislators need to work...
Persistent link: https://www.econbiz.de/10014121508
This paper addresses the problem of re-establishing an international airport in Nineveh Governorate, Iraq, five years after liberation from the domination of the terrorist regime, ISIS. It aims to "assess the economic, technical and financial feasibility of establishing Al-Sahaji International...
Persistent link: https://www.econbiz.de/10014358360
Over the years, the evolution of the air transport sector has determined important changes in the tourism industry. One of the consequences of the liberalization of air transport has been the development of the "hub-and-spoke" system, used by traditional airlines in order to be more efficient in...
Persistent link: https://www.econbiz.de/10014474871
I describe the customer valuations game, a simple intuitive game that can serve as a foundation for teaching revenue management. The game requires little or no preparation, props or software, takes around two hours (and hence can be finished in one session), and illustrates the formation of...
Persistent link: https://www.econbiz.de/10014209209
Many dynamic revenue management models divide the sale period into a finite number of periods T and assume, invoking a fine-enough grid of time, that each period sees at most one booking request. These Poisson-type assumptions restrict the variability of the demand in the model, but researchers...
Persistent link: https://www.econbiz.de/10005772466
I describe the customer valuations game, a simple intuitive game that can serve as a foundation for teaching revenue management. The game requires little or no preparation, props or software, takes around two hours (and hence can be finished in one session), and illustrates the formation of...
Persistent link: https://www.econbiz.de/10005772556
The aim of this article is to study the propensity to change modes, departure times and routes under adverse weather conditions. By means of an ordered probit methodology we identify the main factors explaining such a flexibility.
Persistent link: https://www.econbiz.de/10005775610