A Branch-and-Price Approach for
نویسندگان
چکیده
In recent years, considerable effort in the field of operations research has been paid to optimizing airline operations, including the logistics of an airline’s fleet of aircraft. We focus on the problem of aircraft routing, which involves generating and selecting a particular route for each aircraft of a sub-fleet that is already assigned to a set of feasible sequences of flight legs. Similar studies typically focus on long-term route planning. However, stochastic events such as severe weather changes, equipment failures, variable maintenance times, or even new regulations mandated by the Federal Aviation Administration (FAA) play havoc on these long-term plans. In addition, these long-term plans ignore detailed maintenance requirements by considering only one or two of the primary maintenance checks that must be performed on a regular, long-term basis. As a result, these plans are often ignored by personnel in airline operations who are forced on a daily basis to develop quick, ad hoc methods to address these maintenance requirements and other irregular events. To address this problem, we develop an operational aircraft maintenance routing problem formulation that includes maintenance resource availability constraints. We propose a branch-and-price algorithm for solving this problem, which, due to the resource constraints, entails a modification of the branch-on, follow-on branching rule typically used for solving similar problems. Through computational testing, we explore the efficiency of this solution approach under a combination of heuristic choices for column (route) generation and selection.
منابع مشابه
The impact of P/E ratio and price return on the stock market Bohmian quantum potential approach
Price return and P/E are two important factors for a lot of investors based on the latest studies by researchers in Tehran Stock market; however, it is expected that the price and the variation of that affect the return and the P/E of any given market as a complicated system. The Bohmian quantum mechanics used referring to the time correlation of return and P/E of the stock market under conside...
متن کاملAssessing the Behavioral Reaction of Investors to the Price Change Using the Speed of Price Adjustment Approach to the General Information and Its Relation with Future Return
In Recent Decades, The Financial Sphere has entered a New Era of Contempt for Some of the Assumptions of Modern Economics and Finance. One of These Assumptions is the Rationale of the Investors, which has been Seriously Challenged and Is Now Being Strengthened by the Fact That Prices are Determined more by Attitudes and Psychological Factors than for Fundamental Variables and Therefore the Stud...
متن کاملStock Price Momentum Modeling: A Grounded Theory Approach
Recently, understanding the anomalies in financial markets have severely chal-lenged the efficient market hypothesis (EMH). The price momentum is one of the anomalies described as the unexplained short-term return by Fama and French (1996). The present research strives for modeling the price momentum of winner stock in the Iranian capital market. The grounded theory method was used to explain t...
متن کاملThe Most Revenue Efficiency with Price Uncertainty
In this paper, a new revenue efficiency data envelopment analysis (RE-DEA) approach is considered for finding the most revenue efficient unit with price uncertainty in both optimistic and pessimistic perspectives. The optimistic and pessimistic perspectives use efficient frontier and inefficient frontier, respectively. An integrated model is introduced to find decision making units (DMUs) t...
متن کاملReinvestigation of Oil Price-Stock Market Nexus in Iran: A SVAR Approach
In this paper we investigate the effect of oil price shocks on stock market index in Iran, by using of a structural VAR (SVAR) approach. We used four variables in the model namely Kilian index, global oil supply, real oil price and real stock market index. The data are monthly and spanning the period 1997M10-2014M12. We identify the effect of four different shocks on stock market including oil ...
متن کاملThe Calculation of the output price vectorby applying reverse linear programming: The novel approach in DEA
In the today’s world wherein every routine is based on economic factors, there is no doubt that theoretical sciences are driven by their capabilities and affordances in terms of economy. As a mathematical tool, data envelopment analysis (DEA) is provided to economics, so that one can investigate associated costs, prices and revenues of economic units. Data Envelopment Analysis (DEA) is a linear...
متن کامل