Demand for Air Travel
DOI:
https://doi.org/10.14311/MAD.2014.12.03Keywords:
demand, elasticity, modeling, choise of itineraryAbstract
This article describes the demand elasticity of air transport and algorithm of demand modelling that is used as part of reservation system. The next section explains Quantitative Share Index that quantifies the market share for each carrier in the monitored market and Herfindahl Hirschman Index that quantifies the concentration of service providers in this market. The last chapter describes the choices of air travel itinerary.References
A. Abdelghany and K. Abdelghany, Modeling Applications in the Airline Industry. Ashgate Publishing, Ltd., 2009.
R. Joung, A2 Economics OCR, F584 Transport Economics, 2013 Edition. Tutor2u.
IATA, Air Travel Demand. IATA Economics Briefing n.09.
Oficial Airline Guide, http://www.oag.com/Global
IATA, Solid Demand for Air Travel Continues. Press Release No.: 16, Date: 3 April 2014
T. Litman, Understanding Transport Demands and Elasticities. Victoria Transport Policy Institute. 12 March 2013.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work, with an acknowledgement of its initial publication in this journal.