This paper explores the impact of liberalization on airfare using a framework that builds on previous work but adapted to the idiosyncrasies of the Philippine airline industry. Using a sample of ten routes with varying market characteristics for the period 1981–2003 and the generalized method of moments to estimate the system of equations simultaneously, the findings indicate that airfare per k...

Internet of Things (IoT) brings the third development wave of the global information industry, which makes users, network, and perception devices cooperate more closely. However, if IoT has security problems, it may cause a variety of damage and even threaten human lives and properties. To improve the abilities of monitoring, providing emergency response, and predicting the development trend of...

The Internet of Things (IoT) is experiencing exponential growth in research and industry, but it still suffers from privacy and security vulnerabilities. Conventional security and privacy approaches tend to be inapplicable for IoT, mainly due to its decentralized topology and the resource-constraints of the majority of its devices. BlockChain (BC) that underpin the cryptocurrency Bitcoin have b...

According to various reports, the number and variety of robot applications are increasing, both in industry and in our daily lives. First developed as a tool, nowadays a robot can be integrated as an entity in the Internet of Things (IoT). IoT’s infrastructure enables connections between different entities (living or nonliving), using different but interoperable communication protocols. Thus, i...

With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of research continues to be the airline industry. Ever since Littlewood (1972) first proposed a solu...

Fuel hedging is a common risk management tool used in the airline industry. But past studies have not addressed the question of whether fuel hedging creates any benefit to airline operations. This study is the first work that empirically examines the role of fuel hedging in reducing airlines’ operating costs. Using US airlines data from 2000 through 2012, we find that, after accounting for the ...

Airline seat inventory control is a very profitable tool in the airline industry. Mathematical programming models provide booking limits or bid-prices for all itineraries and fare classes based on demand forecasts. But the actual revenue generated in the booking process fails to meet expectations. Simple deterministic models based on expected demand generate better revenue than more advanced pr...

(4804 words, including abstract) Abstract. In the United States, most airports do not place any limitations on airline schedules. At a few major airports, the current scheduling restrictions (mostly administrative measures) have not been sufficiently strict to avoid consistent delays and have raised debates about both the efficiency and the fairness of the allocations. With a forecast 1.1 billi...

IoT is considered as one of the key enabling technologies for the fourth industrial revolution that is known as Industry 4.0. In this paper, we consider the mechatronic component as the lowest level in the system composition hierarchy that tightly integrates mechanics with the electronics and software required to convert the mechanics to intelligent (smart) object offering well defined services...

Under deregulation, airlines developed hub-and-spoke (HS) networks enabling them to aggregate demand, increase frequency, reduce airfares and prevent entry into the marketplace. This research evaluates airline pro®t based on microeconomic theory of behaviour under deregulation. Through a two-stage Nash best-response game, equilibria in the air transportation industry is sought to evaluate the m...