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3544. Optimizing Monopoly Airline Markets: An Integrated Approach to Scheduling, Fleet Management, and Dynamic Pricing
Invited abstract in session TC-59: Pricing Strategies, stream Pricing and Revenue Management.
Tuesday, 12:30-14:00Room: S08 (building: 101)
Authors (first author is the speaker)
| 1. | Soheil Sibdari
|
| University of Massachusetts |
Abstract
This study introduces a sophisticated model designed to optimize operational efficiency and revenue management for airlines operating within monopolized markets. Unlike previous models that separately address scheduling, fleet assignment, and pricing strategies, our approach integrates these components into a unified framework. The model leverages advanced algorithms to simultaneously determine optimal flight schedules, fleet allocation, and pricing strategies, taking into account demand elasticity, competitive dynamics, and operational constraints. We incorporate real-time data analytics to dynamically adjust the model parameters, ensuring the airline's ability to respond to market fluctuations and passenger preferences effectively.
Keywords
- Revenue Management and Pricing
- Scheduling
- Airline Applications
Status: accepted
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