<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The load factor is the determining factor for airlines in economic terms and the prediction of the future development of the flight route. The combination of load factor and break-even point provides the airline with a comprehensive picture of the business of the flight route and the optimization of pricing for the flight route. The purpose of the article is to propose and adapt the development of air transport prices on a given line using maximally recalculated values and maximize profit. The optimized calculation algorithm then facilitates the understanding of the individual steps of the load factor calculation and the monitoring of price development by means of the chi-square mathematical method by which we observed the interconnection of the ticket price and the load factor. To describe the problem, we chose the Bratislava – Larnaca route.</p></abstract>

The load factor is the determining factor for airlines in economic terms and the prediction of the future development of the flight route. The combination of load factor and break-even point provides the airline with a comprehensive picture of the business of the flight route and the optimization of pricing for the flight route. The purpose of the article is to propose and adapt the development of air transport prices on a given line using maximally recalculated values and maximize profit. The optimized calculation algorithm then facilitates the understanding of the individual steps of the load factor calculation and the monitoring of price development by means of the chi-square mathematical method by which we observed the interconnection of the ticket price and the load factor. To describe the problem, we chose the Bratislava – Larnaca route.

Algorithmic Optimization of the Calculation with the Consideration of the Interconnection of the Basic Economic Parameters of the Flight Route of the Model Air Carrier

Management Systems in Production Engineering

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The load factor is the determining factor for airlines in economic terms and the prediction of the future development of the flight route. The combination of...

Algorithmic Optimization of the Calculation with the Consideration of the Interconnection of the Basic Economic Parameters of the Flight Route of the Model Air Carrier

Online veröffentlicht: 17. März 2020

Seitenbereich: 34 - 39

Eingereicht: 01. Okt. 2019

Akzeptiert: 01. Dez. 2019

DOI: https://doi.org/10.2478/mspe-2020-0006

Schlüsselwörter
algorithm, optimization, economic analysis, load factor

© 2020 Stanislav Szabo et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Algorithmic Optimization of the Calculation with the Consideration of the Interconnection of the Basic Economic Parameters of the Flight Route of the Model Air Carrier

Online veröffentlicht: 17. März 2020

Seitenbereich: 34 - 39

Eingereicht: 01. Okt. 2019

Akzeptiert: 01. Dez. 2019

DOI: https://doi.org/10.2478/mspe-2020-0006

Schlüsselwörteralgorithm, optimization, economic analysis, load factor

© 2020 Stanislav Szabo et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Schlüsselwörter
algorithm, optimization, economic analysis, load factor