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research article

An integrated airline scheduling, fleeting and pricing model for a monopolized market

Atasoy, Bilge  
•
Salani, Matteo  
•
Bierlaire, Michel  
2014
Computer-Aided Civil and Infrastructure Engineering

In airline schedule planning models, the demand and price information are usually taken as inputs to the model. Therefore, schedule and capacity decisions are taken separately from pricing decisions. In this article, we present an integrated scheduling, fleeting, and pricing model for a single airline where these decisions are taken simultaneously. This integration enables to explicitly model supply and demand interactions and make superior decisions. The model refers to a monopolized market. However, competing airlines are included in the model as a reference for the pricing decisions. The pricing decision is formulated through an itinerary choice model which determines the demand of the alternative itineraries in the same market according to their price, travel time, number of stops, and the departure time of the day. The demand model is estimated based on real data and is developed separately for economy and business classes. The seat allocation for these classes is optimized according to the behavior of the demand. The choice model is also used to appropriately model the spill and recapture effects. The resulting model is evaluated with different illustrations and the added value of the integrated approach is analyzed compared to a sequential approach. Results over a set of representative instances show that the integrated model is able to make superior decisions by jointly adjusting capacity and pricing.

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Type
research article
DOI
10.1111/mice.12032
Web of Science ID

WOS:000329267600002

Author(s)
Atasoy, Bilge  
Salani, Matteo  
Bierlaire, Michel  
Date Issued

2014

Publisher

Wiley-Blackwell

Published in
Computer-Aided Civil and Infrastructure Engineering
Volume

29

Issue

2

Start page

76

End page

90

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
TRANSP-OR  
Available on Infoscience
January 20, 2014
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/99604
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