Dynamic price discrimination adjusts prices based on the option value of future sales, which varies with time and units available. This paper surveys the theoretical literature on dynamic price discrimination, and confronts the theories with new data from airline pricing behavior. Correspondence to: R. Preston McAfee, 100 Baxter Hall, California Institute of Technology, Pasadena, CA 91125, pres...

Since the pilots’ dispute ended in 1989, globalisation has fundamentally altered the environment in which pilots establish their terms of employment. This paper argues that pilot labour relations have been affected by globalisation in three ways. First, the Australian airline industry was deregulated in 1990. Second, the introduction of the Workplace Relations Act (1996) deregulated the Austral...

In today’s competitive climate, customer relationship management (CRM) has become an essential component in airline business strategies. CRM in the airline industry would be based on analyzing customer data in order to understand preferences and behavior. In this paper, we apply data mining techniques to real airline frequent flyer data in order to derive CRM recommendations and strategies. Clu...

We analyze the interaction of …rm product quality and pricing decisions with …nancial distress and bankruptcy in the airline industry. We consider an airline’s choice of quality and price as dynamic decisions that trade o¤ current cash ‡ows for future revenue. We examine how airline mishandled baggage, on-time performance and pricing are related to …nancial distress and bankruptcy, controlling ...

Do firms have adequate incentives to invest in anti-terrorism mechanisms? This paper develops a framework for addressing this issue when the security choices by one agent affect the risks faced by others. We utilize the airline security problem to illustrate how the incentive by one airline to invest in baggage checking is affected by the decisions made by others. Specifically if an airline bel...

The growth of the Internet of Things (IOT) industry has become a new mark of the communication domain. As the development of the technology of the IOT and the fiber-optical sensor, the combination of the both is a big question to be discussed, and the fiber-optical IOT also has a good development prospect. This article first introduces IOT’s current status, the key technology, the theoretical f...

Recently, the rapid development of Internet of Things (IoT) has attracted growing attention from both industry and academia. It means that innumerable IoT resources could actively participate in the future internet and be able to flexibly perform considerable parts of traditional business processes. However, most of the current work is in its infancy and focuses on technical implementation deta...

The Internet of Things (IoT) is an emerging key technology for future industries and everyday lives of people, where a myriad of battery operated sensors, actuators, and smart objects are connected to the Internet to provide services such as mobile healthcare, intelligent transport system, environmental monitoring, etc. Since energy efficiency is of utmost importance to these battery constraine...