Title:
Integrating demand and supply in the context of airlines
Responsable(s) :
Meritxell Pacheco, Anna Fernandez Antolin, Michel Bierlaire
Description :
Even though demand and supply closely interact in the real world, the two fields of research have evolved independently in the literature. This has been the case for several applications within revenue management, being airlines an example of that. We have proposed a general framework that integrates discrete choice models, which are the state-of-the-art for the mathematical model of demand, in Mixed Integer Linear Problems (MILP), which are broadly used in Operations Research to design and configure the supply. The project consists in applying this framework within the airlines context. More precisely, data from an online choice survey conducted by the Boeing Company will be used to this end. This research is composed of two stages. First, the student will define a discrete choice model to describe the behavior of customers when purchasing flight tickets. Second, a concrete MILP will be characterized in order to represent an aspect of the supply present in airlines. A case study consisting of different experiments testing different features of the resulting model will be performed.
Collaboration with:
Type :
semester project
Pré-requis :
The student should be familiar with operations research and good programming skills (specially C++ and statistical softwares like R). Knowledge on discrete choice models is a plus.
Submitted on :
September 05, 2017