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Managing uncertainty in on-demand air travel

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  • Yang, Wei
  • Karaesmen, ItIr Z.
  • Keskinocak, PInar
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    Abstract

    Fractional management companies (FMCs) that provide on-demand air travel services experience frequent changes in aircraft availability and flight requests. We propose scheduling heuristics which are both cost-effective and persistent (i.e., close to the original schedule) to address the uncertainty. The heuristics include pro-actively enforcing idleness of aircraft in creating the original schedule, strategically repositioning aircraft to serve yet-unknown demand and dense scheduling. Computational experiments are conducted in a simulator that mimics FMCs' daily operations. Simulation results quantify the value of each heuristic, which can be easily incorporated into existing computational methods used in FMCs for static scheduling problems.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part E: Logistics and Transportation Review.

    Volume (Year): 46 (2010)
    Issue (Month): 6 (November)
    Pages: 1169-1179

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    Handle: RePEc:eee:transe:v:46:y:2010:i:6:p:1169-1179

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    Related research

    Keywords: On-demand transport scheduling Heuristics Aviation Rescheduling Robustness;

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