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Evaluation of forecasting techniques for short-term demand of air transportation
([Cambridge, Mass. : Massachusetts Institute of Technology, Dept. of Aeronautics & Astronautics], Flight Transportation Laboratory, [1995], 1995)
Forecasting is arguably the most critical component of airline management. Essentially, airlines forecast demand to plan the supply of services to respond to that demand. Forecasts of short-term demand facilitate tactical ...
Airline overbooking performance measurement
([Cambridge, MA : Dept. of Aeronautics & Astronautics], Flight Transportation Laboratory, [1995], 1995)
Since the "product" of an airline cannot be stored, the value of every seat which is left empty upon departure is lost forever or "spoiled". In order to compensate for the economic effects of passengers holding a confirmed ...
Presentations from the 1995 MIT/industry cooperative research program annual meeting.
([Cambridge : Massachusetts Institute of Technology], Flight Transportation Laboratory, [1995], 1995)
The value of revenue management innovation in a competitive airline industry
(Cambridge, MA : [Massachusetts Institute of Technology], Flight Transportation Laboratory, [1995], 1995)
The value of revenue management to the airlines has been amply demonstrated, both by industry experience and in simulation studies of the reservation process. However, there have been no attempts to determine if the benefits ...