This paper describes a revenue management project with a major airline that operates in a fiercely competitive market involving two major hubs and having more than 30 parallel daily flights. The market has a number of unusual characteristics including (1) almost half of customers choose not to purchase the tickets after booking; (2) about half of customers purchase their tickets within 3 days o...

Abstract-A discrete choice model is presented that explicitly recognizes differences in the error structure associated with a single “oddball” alternative within the choice set that has properties not common to the other alternatives. The model purportedly resolves questions related to the use of alternative-specific variables in transportation choice models to capture the effects of attributes...

Discrete choice models as demand forecasting techniques have been used for transportation applications for more than thirty years. The multinomial and nested logit models are probably the most widely applied in this context. Alternative speciic constants (ASCs), although playing an important role in these models, have received very little attention in theoretical studies. In this paper, we try ...

NRI point data. The model tilizes modern land use theory based on the land rent theory. In addition to the returns, we ey words: land use change, property tax, discrete choice, nested logit, Louisiana. Maksym Polyakov and Daowei Zhang, Auburn Univers Acknowledgement: This study was supported by the National Research Initiative of the Cooperative State Research, Education and Extension Service, ...

We develop an aggregative games approach to study oligopolistic price competition with multiproduct firms. We introduce a new class of IIA demand systems, derived from discrete/continuous choice, and nesting CES and logit demands. The associated pricing game with multiproduct firms is aggregative and a firm’s optimal price vector can be summarized by a uni-dimensional sufficient statistic, the ...

Emek arzı, birçok faktörlerden etkilenmektedir. Bu biri de gelirdir. Kazanılan gelire bağlı olarak bireyler boş zaman ve çalışma alternatifleri arasında tercihte bulunmaktadırlar. piyasasında yer alan bireylerin bazıları emekli olmalarına rağmen çalışmayı zamana tercih etmekte emek aktif rol almaktadır. çalışmanın amacı, erkeklerin yarı veya tam zamanlı tercihinde etkili olan faktörleri Nested ...

We study assortment optimization problems where customer choices are governed by the nested logit model and there are constraints on the set of products offered in each nest. Under the nested logit model, the products are organized in nests. Each product in each nest has a fixed revenue associated with it. The goal is to find a feasible set of products, i.e. a feasible assortment, to maximize t...