Revenue management under demand driven dispatch
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Aeronautics and Astronautics; and (S.M.)--Massachusetts Institute of Technology, Dept. of Civil and Environmental Engineering, 1999.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2005
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| Online Access: | http://hdl.handle.net/1721.1/9481 |
| _version_ | 1826216751690416128 |
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| author | Barocio Cots, Ruben, 1970- |
| author2 | Peter P. Belobaba. |
| author_facet | Peter P. Belobaba. Barocio Cots, Ruben, 1970- |
| author_sort | Barocio Cots, Ruben, 1970- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Aeronautics and Astronautics; and (S.M.)--Massachusetts Institute of Technology, Dept. of Civil and Environmental Engineering, 1999. |
| first_indexed | 2024-09-23T16:52:32Z |
| format | Thesis |
| id | mit-1721.1/9481 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T16:52:32Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/94812019-09-19T17:33:39Z Revenue management under demand driven dispatch Barocio Cots, Ruben, 1970- Peter P. Belobaba. Massachusetts Institute of Technology. Dept. of Civil and Environmental Engineering. Massachusetts Institute of Technology. Department of Aeronautics and Astronautics Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Aeronautics and Astronautics. Civil and Environmental Engineering. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Aeronautics and Astronautics; and (S.M.)--Massachusetts Institute of Technology, Dept. of Civil and Environmental Engineering, 1999. Includes bibliographical references (leaves 129-131). Demand Driven Dispatch is an operational mode by which airlines can dynamically reassign aircraft types of the same family but of differing capacities to better match capacity with demand in a profit maximizing way. Current algorithms for dynamic reassignment of aircraft types suggest that the nect assignment problem be solved repeatedly during the booking horizon of the pool of flights being considered in the type assignment model. This approach has been shown to produce a 1% to 5% improvement in operating profits when compared to the static fleet assignment currently practiced by airlines. In our work we formalize and explore the necessary interaction between a revenue management model and the fleet assignment decisions that the airline must make under the Demand Driven Dispatch operational mode. Based on our findings. we produce a set of alternate algorithms for dynamic fleet type reassignment which significantly reduces the number of fleet assignment problems that must be solved during the booking horizon of the pool of flights being considered. Using demand data from a major U.S. airline, we simulate both the traditional algorithms used for dynamic fleet reassignment and the alternate algorithms developed in this thesis. Our results show that it is indeed possible to delay the first fleet assignment decision that the airline must make, thus reducing the number of fleet assignment problems that must be solved. Further, we show that our approach can even outperforms the traditional Demand Driven Dispatch algorithms both in terms of revenues and in terms of passenger loads, by integrating the delayed fleet assignment decision with the revenue management process. by Ruben Barocio Cots. S.M. 2005-08-22T18:42:05Z 2005-08-22T18:42:05Z 1999 1999 Thesis http://hdl.handle.net/1721.1/9481 43595918 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 131 leaves 8775737 bytes 8775492 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Aeronautics and Astronautics. Civil and Environmental Engineering. Barocio Cots, Ruben, 1970- Revenue management under demand driven dispatch |
| title | Revenue management under demand driven dispatch |
| title_full | Revenue management under demand driven dispatch |
| title_fullStr | Revenue management under demand driven dispatch |
| title_full_unstemmed | Revenue management under demand driven dispatch |
| title_short | Revenue management under demand driven dispatch |
| title_sort | revenue management under demand driven dispatch |
| topic | Aeronautics and Astronautics. Civil and Environmental Engineering. |
| url | http://hdl.handle.net/1721.1/9481 |
| work_keys_str_mv | AT barociocotsruben1970 revenuemanagementunderdemanddrivendispatch |