The Maximization of Air Tickets Income Based on Logit Competition Model

2018 International Conference on Civil and Hydraulic Engineering

土木建筑工程;水利工程

Dong, Sihui^1 ; Chen, Zhaoqiang^1 ; Wang, Kang^1

Institute of Civil and Safety Engineering, Dalian Jiaotong University, Dalian, China^1

关键词: Airline tickets;    Competition model;    Discount rates;    High;    speed railways;    Ticket prices;    Utility maximizations;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/189/6/062004/pdf
DOI  :  10.1088/1755-1315/189/6/062004

学科分类：土木及结构工程学

来源: IOP

【 摘 要 】

In the competition with high-speed railway, the Logit Competition Model was built according to the theory of utility maximization to maximize the airline ticket revenue. Taking the six routes centre of Zhengzhou city as an example, the probability of choosing plane or the high-speed railway under different discounts was predicted. Based on the relationship between probability and ticket price, the optimal discount rate and ticket price when selecting different routes was calculated. The results show that the Zhengzhou to Dalian route has the most optimal revenue and the minimum discount pressure, while the Zhengzhou to Beijing route has the least optimal revenue and the maximum discount pressure.