Download or read book Passenger Mile and Revenue Forecasting Practices written by Jack B. Jarvis and published by . This book was released on 1958 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Study of Domestic Passenger Revenue Forecasting Practices of the United States Airline Industry written by Jack Brogden Jarvis and published by . This book was released on 1958 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecast of Airline Passenger Traffic in the United States 1959 1965 written by Sidney J. Armore and published by . This book was released on 1959 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistical Methods for Forecasting and Estimating Passenger Willingness to pay in Airline Revenue Management written by Christopher Andrew Boyer and published by . This book was released on 2010 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of less restricted fare structures in the airline industry reduced the capability of airlines to segment demand through restrictions such as Saturday night minimum stay, advance purchase, non-refundability, and cancellation fees. As a result, new forecasting techniques such as Hybrid Forecasting and optimization methods such as Fare Adjustment were developed to account for passenger willingness-to- pay. This thesis explores statistical methods for estimating sell-up, or the likelihood of a passenger to purchase a higher fare class than they originally intended, based solely on historical booking data available in revenue management databases. Due to the inherent sparseness of sell-up data over the booking period, sell-up estimation is often difficult to perform on a per-market basis. On the other hand, estimating sell-up over an entire airline network creates estimates that are too broad and over-generalized. We apply the K-Means clustering algorithm to cluster markets with similar sell-up estimates in an attempt to address this problem, creating a middle ground between system-wide and per-market sell-up estimation. This thesis also formally introduces a new regression-based forecasting method known as Rational Choice. Rational Choice Forecasting creates passenger type categories based on potential willingness-to-pay levels and the lowest open fare class. Using this information, sell-up is accounted for within the passenger type categories, making Rational Choice Forecasting less complex than Hybrid Forecasting. This thesis uses the Passenger Origin-Destination Simulator to analyze the impact of these forecasting and sell-up methods in a controlled, competitive airline environment. The simulation results indicate that determining an appropriate level of market sell-up aggregation through clustering both increases revenue and generates sell-up estimates with a sufficient number of observations. In addition, the findings show that Hybrid Forecasting creates aggressive forecasts that result in more low fare class closures, leaving room for not only sell-up, but for recapture and spill-in passengers in higher fare classes. On the contrary, Rational Choice Forecasting, while simpler than Hybrid Forecasting with sell-up estimation, consistently generates lower revenues than Hybrid Forecasting (but still better than standard pick-up forecasting). To gain a better understanding of why different markets are grouped into different clusters, this thesis uses regression analysis to determine the relationship between a market's characteristics and its estimated sell-up rate. These results indicate that several market factors, in addition to the actual historical bookings, may predict to some degree passenger willingness-to-pay within a market. Consequently, this research illustrates the importance of passenger willingness-to-pay estimation and its relationship to forecasting in airline revenue management.
Download or read book Improved Forecast Accuracy in Airline Revenue Management by Unconstraining Demand Estimates from Censored Data written by Richard H. Zeni and published by Universal-Publishers. This book was released on 2001 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accurate forecasts are crucial to a revenue management system. Poor estimates of demand lead to inadequate inventory controls and sub-optimal revenue performance. Forecasting for airline revenue management systems is inherently difficult. Competitive actions, seasonal factors, the economic environment, and constant fare changes are a few of the hurdles that must be overcome. In addition, the fact that most of the historical demand data is censored further complicates the problem. This dissertation examines the challenge of forecasting for an airline revenue management system in the presence of censored demand data. This dissertation analyzed the improvement in forecast accuracy that results from estimating demand by unconstraining the censored data. Little research has been done on unconstraining censored data for revenue management systems. Airlines tend to either ignore the problem or use very simple ad hoc methods to deal with it. A literature review explores the current methods for unconstraining censored data. Also, practices borrowed from areas outside of revenue management are adapted to this application. For example, the Expectation-Maximization (EM) and other imputation methods were investigated. These methods are evaluated and tested using simulation and actual airline data. An extension to the EM algorithm that results in a 41% improvement in forecast accuracy is presented.
Download or read book Forecasting for Airline Network Revenue Management written by Jeffrey Stuart Zickus and published by . This book was released on 1998 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Airline revenue management entails protecting enough seats for late-booking, high-fare passengers while still selling seats which would have otherwise gone empty at discounted fares to earlier-booking customers. In the evolution of revenue management to network origin-destination control, previous research has shown that revenue gains of some seat optimization algorithms can be much lower than others. One possible reason is the process by which demand estimates are generated; namely, forecasting and detruncation. Forecasting is used to estimate passenger demand based on historical flight data, while detruncation makes projections of what demand would have been in cases where the historical data has been constrained by a capacity limitation. This thesis explores the question of the interaction between forecasting methods, detruncation methods, and seat optimization algorithms on a simulated airline network, using the Passenger Origin-Destination Simulator (PODS) revenue management simulation tool, which models a network environment with two competing airlines. Changes in the forecasting and detruncation methods in combination with the seat optimization algorithms were tested in order to see what revenue impacts resulted. Additionally, passenger loads, forecasts, and fare class availability were examined to understand the reasons behind the observed revenue results. The simulations showed that seat optimizers which had relatively poor performance using a standard forecasting and detruncation method had substantial revenue increases when different forecasting and detruncation combinations were implemented. The results also indicate that the better combination of forecasting and detruncation causes higher revenues for all seat optimization methods tested, as a better passenger mix is realized due to higher levels of detruncation and more accurate forecasts. However, the sensitivity of the seat optimizers to the forecasting and detruncation methods remains mixed. Inferior detruncation (or forecasting) methods on a network can offset the revenue gains resulting from improvement to origin-destination control from leg-based control for some seat optimization algorithms.
Download or read book Airline Traffic Forecasting written by Nawal K. Taneja and published by Free Press. This book was released on 1978 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight of Civil Aeronautics Board Practices and Procedures written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Administrative Practice and Procedure and published by . This book was released on 1975 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Appendix oversight of Civil Aeronautics Board practices and procedures written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Administrative Practice and Procedure and published by . This book was released on 1976 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Range Transportation Revenue Forecasting written by and published by . This book was released on 1982 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Metropolitan Travel Forecasting written by National Research Council (U.S.). Committee for Determination of the State of the Practice in Metropolitan Area Travel Forecasting and published by Transportation Research Board. This book was released on 2007-10-18 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRB Special Report 288, Metropolitan Travel Forecasting: Current Practice and Future Direction, examines metropolitan travel forecasting models that provide public officials with information to inform decisions on major transportation system investments and policies. The report explores what improvements may be needed to the models and how federal, state, and local agencies can achieve them. According to the committee that produced the report, travel forecasting models in current use are not adequate for many of today's necessary planning and regulatory uses.
Download or read book Studies in Travel Demand written by Ronald E. Miller and published by . This book was released on 1965 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Airline Passenger Cancellations written by Oren Petraru and published by . This book was released on 2016 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passenger demand forecasting, and subsequently passenger cancellation forecasting, are important components in any airline revenue management (RM) system. Passenger cancellations can potentially lead to flights leaving with empty seats and thus to loss of revenues. Airlines need accurate cancellation forecasting tools in order to properly compensate for cancellations, or in other words, overbook flights above their physical capacity. At the same time, airlines need to be cautious not to overbook too aggressively. If a flight is still overbooked at time of departure, not all passengers are able to board and those left behind need to be compensated and re-accommodated. This thesis focuses on modelling and forecasting passenger cancellations using the PODS booking simulation tool. Several methods for cancellation forecasting and overbooking are presented and their impacts are tested under different demand, competition and RM strategy settings. All methods are based on time series modeling of historical observations. However, the methods differ in terms of the data they use and the canceled bookings they compensate for. The potential contribution of Passenger Name Record data (PNR) to more accurate cancellation forecasting is discussed as well. Simulation results indicate that the ticket revenue gains due to cancellation forecasting and overbooking range between 1.15% and 4.16%, depending on the cancellation forecasting method used and the level of overbooking aggressiveness. However, aggressive overbooking increases the negative effect on revenues due to the costs associated with denied hoardings. Therefore, after taking into account these costs, the net revenue gains range between 0.06% and 2.79%. For airlines with high cancellation rates, the magnitude of the gains from cancellation forecasting and overbooking is even greater, reaching 3.59% in net revenue improvements.
Download or read book Dental Benefits and Practice Management written by Michael M. Okuji and published by John Wiley & Sons. This book was released on 2016-01-19 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dental Benefits and Practice Management: A Guide for Successful Practices is a practical tool that helps you manage your office in tune with the realities of modern dental practice. Written by both dentists and insurance industry professionals Practical explanations to effectively and legally process claims Describes the changes in dental practice management to make your practice patient centered Competitive strategies for dentists and organizations
Download or read book Annual FAA Forecast Conference Proceedings written by and published by . This book was released on 1980 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Civil Aeronautics Board Reports written by United States. Civil Aeronautics Board and published by . This book was released on 1974 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Air Transportation written by John Wensveen and published by Taylor & Francis. This book was released on 2023-05-24 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its ninth edition, Air Transportation: A Global Management Perspective by John Wensveen is a well-proven, accessible textbook that offers a comprehensive introduction to the theory and practice of air transport management. In addition to explaining the fundamentals, the book transports the reader to the leading edge of the discipline, using past and present trends to forecast future challenges and opportunities the industry may face, encouraging the reader to think deeply about the decisions a manager implements. The word "Global" has been added to the subtitle for this edition, reflecting an increased emphasis on worldwide operations, including North America, Latin America/Caribbean, Europe, Asia-Pacific, the Middle East, and Africa. The ninth edition focuses on the "Age of Acceleration," addressing trends related to emerging technologies, such as autonomy, artificial intelligence, augmented reality, virtual reality, 3-D printing, data analytics, blockchain, cybersecurity, etc. New material includes extra information on airport management and operations, air carrier business models, aviation risk, safety and security, and how changing political landscapes impact the aviation industry. Enhanced content is supported by the addition of new chapters and online supplemental resources, including PowerPoint presentations, chapter quizzes, exam questions, and links to online resources. This wide-ranging textbook is appropriate for nearly all aviation programs that feature business and management. Its student-friendly structure and style make it highly suitable for modular courses and distance-learning programs, or for self-directed study and continuing personal professional development.
