Forecasting Techniques in Airline Revenue Management

RM65.00

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Description

This book discusses the practice of flight overbooking within the context of airline revenue management and provides a novel solution using artificial neural network (ANN) to better predict the number of passenger no-shows for a particular flight. The performance of the ANN forecasting method is compared to more traditional time series seasonal forecasting methods of Autoregressive Integrated Moving Average (ARIMA) and the Kalman Filter. Using actual passenger no-show data, the prediction accuracy of all models is evaluated using established statistical error measures. The approach and methods discussed in this book can be applied to other types of businesses that deals with perishable commodities or where overbooking is practiced.

Number of pages: 262

Research Ecosystem
University Teknologi Malaysia UTM Nexus

Higher Institution Center of Excellence (HI-COE)

AMTEC INV WCC

Research Institute

IFE RISE IVESE ISI-SIR IHUMEN ISIIC

Center of Excellence (COE)

IVAT IFOG CAIRO CEE CACM ICA IBD

Service Entity

RMC UTM PRESS CCIN ICC PPMU UTM-ISI

DVCRI Office

Johor Bahru Kuala Lumpur DVCRI Profile

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