NONLINEAR PRICING STRATEGIES AND MARKET CONCENTRATION IN THE AIRLINE INDUSTRY A Dissertation by MANUEL A. HERNANDEZ GARCIA Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY August 2009 Major Subject: Economics UMI Number: 3384249 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that
Premium Monopoly Perfect competition Pricing
EXECUTIVE SUMMARY Revenue management is a proven technique to help service industries maximize revenue. It involves management of inventory and distribution channels and prices to maximize profits over the long run. Simply stating the technique involves selling the right product to the right customer at the right time at the right price. The following are the primary activities involved: demand data collection‚ demand modeling‚ demand forecasting‚ pricing optimization‚ and system implementation
Premium Pricing Airline Marketing
2. Problem from SAKUNTALA DEVI ’PUZZLES TO PUZZLE U’. Problem no: 23( Walking back to happiness.) The walking time : 55 mins. 1. There are twelve consecutive flags at an equal interval of distance. A man passes the 8th flag in 8 seconds. How many more seconds will he take to pass the remaining 4 flags ? 2. A person has to cover the fixed distance through his horses. There are five horses in the cart. They ran at the full potential for the 24 hours continuously at constant speed and then two of
Premium Inch Numerical digit Speed
CASE STUDY: E-COMMERCE IN PASSENGER TRANSPORT Summary Passenger air transport was one of the early users of e-commerce‚ in this case electronic markets. Early innovations of airline booking systems‚ such as United and American Airlines‚ gained competitive advantage from the deployment of their systems and even after the elimination of various anti-competitive features‚ continued to gain significant business value .The use of airline booking systems by travel agents gave access to wealth of information
Premium Travel agency Loyalty program Airline
Tourism Management Essay MSC Tourism management Tourism organisations needs to respond effectively to the increasingly competitive business environment (China southern airline as sample) Introduction Transport is a key factor of tourism‚ providing the important connection between the tourist points of origin and destinations. Essentially‚ transports provide the services for development to the tourist destination. In contrast‚ the increasing demand of destination will bring the benefits
Premium Airline Low-cost carrier Delta Air Lines
one of the award winning and largest low fare airlines in the Asia expanding rapidly since 2001. With a fleet of 72 aircrafts‚ AirAsia flies to over 61 domestic and international destinations with 108 routes‚ and operates over 400 flights daily from hubs located in Malaysia‚ Thailand‚ and Indonesia. Today‚ AirAsia has flown over 55 million guests across the region and continues to create more extensive route network through its associate companies. AirAsia believes in the no-frills‚ hassle-free‚ low
Premium Low-cost carrier Airline
Managerial Economics August 15‚ 2007 The key points underpinning the economics of a profit maximizing firm Neoclassical model of the firm states that organization will have the main objective of maximizing its profit within a given period of time. Maximum profit was achieved at the output at which marginal cost is equal marginal revenue. There are several factors which need to be considered when talking about the profit maximizing firm: 1. The assumption of the profit maximizing firm is that
Premium Profit maximization Economics Low-cost carrier
In every establishment of order‚ there is always a select group of people who contend with the mainstream conventions--the outcasts. By creating new templates‚ outcasts are condemned for creating a discrepancy in society. In contrast to a conformist‚ an outcast is a person who is rejected or cast out because of uncharacteristic beliefs. For example‚ in The Adventures of Huckleberry Finn‚ the title character is a vagrant who finds himself at odds with the prevailing customs of his society and decides
Premium Adventures of Huckleberry Finn Tom Sawyer Sociology
a Pegasus transaction? (10 points) ------------------------------------------------- ------------------------------------------------- Pegasus sells customers a product‚ a ticket for a flight. Since it is a low-cost airline company‚ the tickets are not very expensive and compared to other airline companies the tickets are cheap. But Pegasus is not a company with low quality service like most other low-cost airline companies‚ they in fact focus on satisfying their customers. So besides the flight
Premium Airline Low-cost carrier Southwest Airlines
Tourism is the outcome of people travelling and staying. The provision of adequate‚ safe‚ comfortable‚ fast‚ convenient and low-cost public transport is a pre-requisite for mass market tourism. Among various modes of tourist transport‚ travel by air is of the highest growth. There is now a growing concern of the impact of environmental protection of travel by air. Many countries are now investing heavily on high speed railway system. Because of increased security‚ passengers are asked to
Premium US Airways Delta Air Lines Cathay Pacific