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Title:

Airline Itinerary Choice Model That Includes the Option to Defer the Decision

Accession Number:

01550103

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

This paper discusses the flight product choice problem in dynamic supply settings. The paper develops a specially designed stated preference (SP) survey, which emulates an air travel website. The survey includes the option to delay the decision to choose an airline itinerary. The rich data set allows the estimation of discrete choice models of airline itinerary choice. In addition to expected results for several level-of-service variables such as flight cost, cancellation fees, layover times and punctuality percentages, the model allows to estimate the expected value of delaying a flight purchase.

Supplemental Notes:

This paper was sponsored by TRB committee AV000 Aviation Group. Alternate title: An Airline Itinerary Choice Model That Includes the Option to Defer the Decision.

Monograph Accession #:

01550057

Report/Paper Numbers:

15-3818

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Freund-Feinstein, Uzi
Bekhor, Shlomo

Pagination:

18p

Publication Date:

2015

Conference:

Transportation Research Board 94th Annual Meeting

Location: Washington DC, United States
Date: 2015-1-11 to 2015-1-15
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Uncontrolled Terms:

Discrete choice models

Subject Areas:

Aviation; Planning and Forecasting; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2015 Paper #15-3818

Files:

TRIS, TRB, ATRI

Created Date:

Dec 30 2014 1:15PM