Post date: 08-nov-2014 18:19:00
Title: Integrated Airline Scheduling: Competition Effects from the Entry of the High-speed Rail
Date: post-poned
Material:
Speaker: Luis Cadarso Morga (URJC)
Co-Author: Cynthia Barnhart, Chancellor, Massachusetts Institute of Technology; Ángel Marín, Universidad Politécnica de Madrid; Vikrant vaze, Assistant Professor, Dartmouth.
Abstract:
Airlines and high-speed rail are increasingly competing for passengers, which affects the number of served passengers and revenues. We develop an approach that generates airline schedules capturing the impacts of airlines' decisions on passenger demand. We evaluate scenarios involving the entry of high-speed rail, and validate our results using past market entries of high-speed rail. The developed model predicts the optimal decisions to retain passengers and to maximize profits.