Author: Sanne De Boer
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
Dynamic capacity management is the reassignment of aircraft to a flight schedule in response to the realisation of demand. Through better matching of the supply and demand for seats, airlines are able to carry more passengers, and the revenue management policy should be adjusted accordingly. This paper proposes a derivative (EMSRd) of the widely used EMSRb booking limit calculation method, which takes into account the effect of possible future capacity changes. The EMSRd approach only depends on the fleet assignment problem through the probability distribution of the aircraft type that operates each flight, and can be solved efficiently once these have been estimated. Numerical experiments show potential revenue improvements of over 1 per cent.
Author: Andreas Fink
Publisher: Springer
ISBN: 3319557025
Category : Business & Economics
Languages : en
Pages : 606
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Book Description
This book includes a selection of refereed papers presented at the "Annual International Conference of the German Operations Research Society (OR2016)," which took place at the Helmut-Schmidt-Universität / Universität der Bundeswehr Hamburg, Germany, Aug. 30 - Sept. 2, 2016. Over 700 practitioners and academics from mathematics, computer science, business/economics, and related fields attended the conference. The scientific program included around 475 presentations on the theme Analytical Decision Making, focusing on the process of researching complex decision problems and devising effective solution methods towards better decisions. The book presents papers discussing classical mathematical optimization, statistics and simulation techniques. Such approaches are complemented by computer science methods and tools for the processing of data and the design and implementation of information systems. The book also examines recent advances in information technology, which allow big data volumes to be treated and enable real-time predictive and prescriptive business analytics to drive decisions and actions. Further, it includes problems modeled and treated under consideration of uncertainty, risk management, behavioral issues, and strategic decision situations.
Author: Natalia Kryvinska
Publisher: Springer Nature
ISBN: 3030958132
Category : Technology & Engineering
Languages : en
Pages : 623
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Book Description
This book discusses incentives for information management, usage of information for existing practices to become more efficient, the acceleration of executive learning, and an evaluation of the information management impact on an organization. In today’s COVID-influenced volatile world, companies face a variety of challenges. And the most crucial of them are high levels of uncertainty and risk. Therefore, companies are constantly under pressure to provide sustainable solutions. Accordingly, previously gathered knowledge and information can be extremely helpful for this purpose. Hence, this fourth book of our subseries continues to accentuate on different approaches, which point to the importance of continuous progress in structural management for sustainable growth. It highlights the permanent gain and usage of information. We would be pleased if the book can stimulate further research on this subject matter.
Author: Cathy A. Enz
Publisher: SAGE
ISBN: 1412905907
Category : Business & Economics
Languages : en
Pages : 1081
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Book Description
This state-of-the-art handbook approaches the topics of hospitality strategy with an emphasis on immediate application of ideas to current practice. Top hospitality scholars make original contributions with the inclusion of senior level executives input, insights and current best practices. By incorporating the latest research and thinking on various strategic topics with the commentary and insights of successful executives this handbook blends cutting edge ideas and comprehensive reviews of the subject with innovative illustrations and examples from practice. The strength of the handbook is its combination of academic rigour and hospitality application. The handbook will have a clear reference orientation and focus on key topical issues and problem of interest to practitioners and advanced students of hospitality strategy.
Author: Thorsten Blecker
Publisher: Erich Schmidt Verlag GmbH & Co KG
ISBN: 9783503120482
Category : Business logistics
Languages : en
Pages : 268
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Book Description
Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 810
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Book Description
Author: Wolfgang Kersten
Publisher: Erich Schmidt Verlag GmbH & Co KG
ISBN: 9783503112289
Category :
Languages : en
Pages : 500
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Book Description
Author: Elizabeth Louise Williamson
Publisher:
ISBN:
Category : Aeronautics, Commercial
Languages : en
Pages : 268
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Book Description
In the airline industry, it is customary for carriers to offer a wide range of fares for any given seat in the same cabin on the same flight. In order to control the number of seats made available in each fare class, airlines practice what is called seat inventory control. Traditionally, airline seat inventory control has been the process of allocating seats among varies fare classes on a flight leg in order to maximize expected revenues. Reservations for travel on a flight leg are accepted based on the availability of a particular fare class on that flight leg. A passenger's ultimate destination, overall itinerary, or total revenue contribution to the airline is not taken into account. The typical route structure of a large airline, however, is built around a complex network of connecting flights. Maximizing revenues on individual flight legs is not the same as maximizing total network revenues. The objective of this dissertation is to address the seat inventory control problem at the network level, taking into account the interaction of flight legs and the flow of traffic across a network. Beginning with the traditional network formulation of the seat inventory control problem, practical approaches for actually controlling seat inventories at the origin-destination and fare class (ODF) level are first discussed. To avoid problems associated with forecasting ODF itinerary demand, network methods based on aggregated demand estimates are then presented. Taking the network seat inventory control problem one step closer to fit in with current reservations control capabilities, several leg-based heuristics are introduced. These heuristics take into account information about different ODF passenger demand and traffic flows while optimization and control of seat inventories remains at the flight leg level. In order to effectively measure the revenue potential of the different network seat inventory control methods introduced, an integrated optimization/booking process simulation was developed. Specific issues related to realistically modeling the booking process are discussed and the multi-period, computer-based, mathematical simulation described in detail. With the use of this integrated optimization/booking process simulation, the revenue impacts of the different network seat inventory control methodologies are then evaluated using real airline data for both a connecting hub network and multiple flight leg networks. Overall performance of each method is examined by comparing the revenue obtained with that of current leg-based control approaches and the maximum revenue potential given perfect information. The performance of the different methods evaluated varies with both the network and the actual demand patterns, however, significant revenue impacts over current seat inventory control approaches can be obtained. One approach which consistently performs well is a deterministic network approach in which ODF seat allocations are nested by shadow prices. Depending on the network structure, other leg-based OD control heuristics also perform well. The benefits of network seat inventory control are a function of the load factor across a network. Below an average load factor of about 85%, revenue impacts over effective leg-based control are non-existent. However, as the average load factor increases, revenue impacts on the order of 2-4% are obtainable.
Author: Ben Vinod
Publisher: Springer Nature
ISBN: 3030704246
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
This book chronicles airline revenue management from its early origins to the last frontier. Since its inception revenue management has now become an integral part of the airline business process for competitive advantage. The field has progressed from inventory control of the base fare, to managing bundles of base fare and air ancillaries, to the precise inventory control at the individual seat level. The author provides an end-to-end view of pricing and revenue management in the airline industry covering airline pricing, advances in revenue management, availability, and air shopping, offer management and product distribution, agency revenue management, impact of revenue management across airline planning and operations, and emerging technologies is travel. The target audience of this book is practitioners who want to understand the basics and have an end-to-end view of revenue management.
Author: Wuyi Yue
Publisher: Springer
ISBN: 3319685201
Category : Computers
Languages : en
Pages : 335
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Book Description
This book constitutes the proceedings of the 12th International Conference on Queueing Theory and Network Applications, QTNA 2017, held in Qinhuangdao, China, in August 2017. The 19 full papers included in this volume were carefully reviewed and selected from 65 initial submissions. They deal with queueing models; queueing applications; and network models.
