A decision support model for establishing an air taxi service: a case study

K Fagerholt (), B A Foss and O J Horgen
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K Fagerholt: Norwegian University of Science and Technology
B A Foss: Norwegian University of Science and Technology
O J Horgen: Norwegian University of Science and Technology

Journal of the Operational Research Society, 2009, vol. 60, issue 9, 1173-1182

Abstract: Abstract Recent availability of relatively cheap small jet aircraft creates opportunities for a new air transport business: Air taxi, an on-demand service in which travellers call in one or a few days in advance to book transportation. In this paper, we present a methodology and simulation study supporting important strategic decisions, like for instance determining the required number of aircraft, for a company planning to establish an air taxi service in Norway. The methodology is based on a module simulating incoming bookings, built around a heuristic for solving the underlying dial-a-flight problem. The heuristic includes a separate method for solving the important subproblem of determining the best distribution of waiting time along a single aircraft schedule. The methodology has proved to provide reliable decision support to the company.

Keywords: air transport; decision analysis; heuristics; practice of OR; simulation (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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DOI: 10.1057/palgrave.jors.2602635

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