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Optimization Model and Algorithm Design for Airline Fleet Planning in a Multiairline Competitive Environment
Joint Authors
Zhu, Bo
Zhu, Jin-fu
Wang, Yu
Sun, Hong
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-09-07
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
This paper presents a multiobjective mathematical programming model to optimize airline fleet size and structure with consideration of several critical factors severely affecting the fleet planning process.
The main purpose of this paper is to reveal how multiairline competitive behaviors impact airline fleet size and structure by enhancing the existing route-based fleet planning model with consideration of the interaction between market share and flight frequency and also by applying the concept of equilibrium optimum to design heuristic algorithm for solving the model.
Through case study and comparison, the heuristic algorithm is proved to be effective.
By using the algorithm presented in this paper, the fleet operational profit is significantly increased compared with the use of the existing route-based model.
Sensitivity analysis suggests that the fleet size and structure are more sensitive to the increase of fare price than to the increase of passenger demand.
American Psychological Association (APA)
Wang, Yu& Sun, Hong& Zhu, Jin-fu& Zhu, Bo. 2015. Optimization Model and Algorithm Design for Airline Fleet Planning in a Multiairline Competitive Environment. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1074691
Modern Language Association (MLA)
Wang, Yu…[et al.]. Optimization Model and Algorithm Design for Airline Fleet Planning in a Multiairline Competitive Environment. Mathematical Problems in Engineering No. 2015 (2015), pp.1-13.
https://search.emarefa.net/detail/BIM-1074691
American Medical Association (AMA)
Wang, Yu& Sun, Hong& Zhu, Jin-fu& Zhu, Bo. Optimization Model and Algorithm Design for Airline Fleet Planning in a Multiairline Competitive Environment. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1074691
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1074691