In tactical planning of an airline, fleeting or capacity planning is the process of assigning an equipment type to each flight. The existing fleeting models take into account only passenger flow while completely ignoring cargo traffic. We propose a fleeting model that captures both passenger and cargo revenue. In addition, the model integrates fleeting and a bid price based origin-destination (O-D) revenue management approach. We use Benders decomposition to solve the model. We give extensive computational experiments on data obtained by a major carrier.
- Airline fleeting
- Benders decomposition
ASJC Scopus subject areas
- Civil and Structural Engineering