CHAIRS: A choice-based air transport simulator applied to airline competition and revenue management

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dc.catalogadorgjm
dc.contributor.authorFukushi Estay, Mitsuyoshi Andres
dc.contributor.authorDelgado Breinbauer, Felipe Alberto
dc.contributor.authorRaveau Feliú, Sebastián
dc.contributor.authorSantos, Bruno F.
dc.date.accessioned2023-06-16T14:34:05Z
dc.date.available2023-06-16T14:34:05Z
dc.date.issued2022
dc.description.abstractIn Revenue Management (RM) systems, information censoring and the interaction between the forecasting and optimization stages, increases the costs and complexity of performance analysis using historical data. An affordable and suitable alternative is using simulations, but appropriate behavioral models must be considered. In the following document, we discuss and test the implementation of a dynamic air transport market simulator, designed to analyze RM systems. The simulator replicates the behavior of passengers that book seats offered in multiple flights by different airlines. We use discrete choice models to replicate the demand behavior, accounting for preferences and decision rule heterogeneity, and including a temporal evolution of the preference throughout the selling horizon. To replicate the supply behavior, a number of airlines modify the price and quantity of different fare classes offered in each flight, using a variety of RM forecasting, un-constraining, and optimization techniques. The simulator allows analysts to study the economic benefit of RM systems under predefined assumptions in an artificial and controlled environment. This increases the benefits obtained by the correct selection of context-appropriate RM systems and the likelihood of successfully implementing new and complex systems. We test and showcase the simulator performance, studying the entrance of a new airline in a competitive context. We generate, implement and evaluate different RM strategies in response to the introduction of new competition, and discuss the results, highlighting the interpretability and accuracy of the proposed framework.
dc.description.funderANID
dc.description.funderNational Agency for Research and Development
dc.fechaingreso.objetodigital2023-06-16
dc.fuente.origenSCOPUS
dc.identifier.doi10.1016/j.tra.2021.11.010
dc.identifier.issn0965-8564
dc.identifier.scopusids2.0-85120380292
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0965856421002895
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/73479
dc.identifier.wosidWOS:000788851400004
dc.information.autorucEscuela de Ingeniería; Fukushi Estay, Mitsuyoshi Andres; S/I; 1031297
dc.information.autorucEscuela de Ingeniería; Delgado Breinbauer, Felipe Alberto; 0000-0003-0861-1634; 120137
dc.information.autorucEscuela de Ingeniería; Raveau Feliú, Sebastián; 0000-0003-2883-6742; 141271
dc.language.isoen
dc.nota.accesoContenido parcial
dc.pagina.final315
dc.pagina.inicio297
dc.revistaTransportation Research Part A: Policy and Practice
dc.rightsacceso restringido
dc.subjectDiscrete choice models
dc.subjectRevenue management
dc.subjectSimulations
dc.subject.ods11 Sustainable Cities and Communities
dc.subject.odspa11 Ciudades y comunidades sostenibles
dc.titleCHAIRS: A choice-based air transport simulator applied to airline competition and revenue management
dc.typeartículo
dc.volumen155
sipa.codpersvinculados1031297
sipa.codpersvinculados120137
sipa.codpersvinculados141271
sipa.indexWOS
sipa.indexSCOPUS
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