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A probabilistic analysis of a scheduling problem in the economics of tourism

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Author Info
Amitrajeet Batabyal () (Department of Economics, Rochester Institute of Technology)

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Abstract

The scheduling problem faced by a firm (or by a government agency) that is responsible for providing transportation to tourists who would like to visit a particular location has received scant theoretical attention in the tourism literature. Therefore, we conduct a probabilistic analysis of the scheduling problem in this paper. Specifically, we first delineate a generic model that accounts for the common features of visits to many locations such as fiords, game parks, lakes, and wildlife reserves. Next, we derive the transportation providing firm’s long run expected profit per unit time function. Finally, we show that the optimal frequency with which transportation ought to be provided to tourists is the solution to our firm’s long run expected profit maximization problem.

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File URL: http://economicsbulletin.vanderbilt.edu/2007/volume12/EB-06L80001A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 12 (2007)
Issue (Month): 4 ()
Pages: 1-7
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Handle: RePEc:ebl:ecbull:v:12:y:2007:i:4:p:1-7

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Related research
Keywords: Optimal Trip Frequency; Tourism; Transportation; Uncertainty;

Find related papers by JEL classification:
L8 - Industrial Organization - - Industry Studies: Services
R4 - Urban, Rural, and Regional Economics - - Transportation Systems

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Chao, Chi-Chur & Hazari, Bharat R. & Sgro, Pasquale M., 2004. "Tourism, globalization, social externalities, and domestic welfare," Research in International Business and Finance, Elsevier, vol. 18(2), pages 141-149, June. [Downloadable!] (restricted)
  2. Jonas Nordström, 2005. "Dynamic and stochastic structures in tourism demand modeling," Empirical Economics, Springer, vol. 30(2), pages 379-392, 09. [Downloadable!] (restricted)
  3. Yan, Shangyao & Chen, Hao-Lei, 2002. "A scheduling model and a solution algorithm for inter-city bus carriers," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(9), pages 805-825, November. [Downloadable!] (restricted)
  4. Carey, Malachy & Carville, Sinead, 2003. "Scheduling and platforming trains at busy complex stations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(3), pages 195-224, March. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Amitrajeet Batabyal & Hamid Beladi, 2008. "Visitor classification, vehicle breakdowns, and the provision of transport for tourism," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer, vol. 1(2), pages 99-105, December. [Downloadable!] (restricted)
    Other versions:
  2. Fosgerau, Mogens & Karlström, Anders, 2007. "The value of reliability," MPRA Paper 5733, University Library of Munich, Germany. [Downloadable!]
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