Airline switching revenue with price-guarantees

Mirzaei, Fouad H.; Ødegaard, Fredrik; Yan, Xiaohui

doi:10.1057/s41272-016-0055-z

Cited by 2 publications

(1 citation statement)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Wang Jing studied the railway echelon refund, and put forward that the fee of different refund is charged by the step refund system according to the time of advance refund 1. Mirzaei, Fouad analyzed the relationship between the change cost and service, passengers in the plane of the price ( Mirzaei, Ødegaard & Yan, 2017).…”

Section: Research Statusmentioning

confidence: 99%

A study on the dynamic refund fee model of air tickets based on win-to-win mechanism

Zhao¹,

Deng²

2019

J. airl. airpt. manag.

View full text Add to dashboard Cite

Purpose: To achieve the balancing of interests between airlines and passengers, the dynamic refund fee model is designed, which meets the interests of both airlines and passengers.Design/methodology/approach: In the study, the expectation utility function is constructed respectively for passengers and airlines, and the equilibrium point of the two is chosen to solve the passenger refund fee. Then, a dynamic refund fee model based on refund time and real-time sales revenue is proposed according to the actual operating conditions of the flight.Findings:The results show that refund fee is negatively related to three variables, the ticket price, the probability of ticket sales and the probability of refund. Besides, The maximum payment limit is the airline single seat cost or the actual fare paid below it, and the lowest can be exempt.Originality/value: A better standard of the rufund is proposed. The refund mode breaks the traditional static charging mode, and charges different refund fees to passengers for different refund time and the real time income of flights. Comparing with the current refund policy, the new charge of refund fee could best meets the interests of both parties.a refund fee standard.

show abstract

Section: Research Statusmentioning

confidence: 99%