Module Two - Managing Variable Demand for Passenger Travel
Module Two - Managing Variable Demand for Passenger Travel

Author: Gary L Parker

Publisher: Gary L Parker

Published: 2024-08-09

Total Pages: 26

ISBN-13:

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Revenue management in the passenger transportation industry involves managing demand for seats. To manage demand effectively and efficiently, it is important to understand and anticipate the effects of market forces on potential demand. A high level of analysis and preparation will allow you to better address the effects of forces outside of your control and ensure that the decisions you make are based on insight and fully support business objectives. In this module, we begin by looking at the characteristics of passenger demand for travel and discuss a number of factors that influence that demand. The second section focuses on different demand strategies. This includes basic steps you can take to reduce or increase demand and the consequences of maintaining the status quo. The final section looks at forecasting demand. We discuss the importance of forecasting demand accurately, the methods used in forecasting, as well as the roles of the revenue analyst, computerized revenue management systems, and effective business processes.

Module Three - Passenger Transportation Pricing
Module Three - Passenger Transportation Pricing

Author: Gary L Parker

Publisher: Gary L Parker

Published: 2024-08-10

Total Pages: 22

ISBN-13:

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All the seats in the coach compartment look the same, yet there are many different prices for those seats. Because of the fluctuations in passenger demand for travel, their perishable inventory, and relatively fixed seating capacity, carriers have adopted a variable pricing strategy. This strategy targets different market segments in order to control demand and maximize revenues. Underlying this strategy is the price-demand relationship. In module 2 we considered the demand side of the equation. Now we have the opportunity to look at pricing in more detail. What costs do passenger carriers consider when determining ticket prices? In the first section, we look at both carrier and customer costs and explain the difference between fixed and variable carrier costs. Why did I pay more for my ticket than the person sitting next to me? The second section revisits the foundation of the carriers’ differential pricing strategy, the price-demand relationship. This helps us to better understand variable pricing and market segmentation, the role of fare rules, and the goals and processes of inventory, or revenue, management. How do carriers set prices? In the third section, we outline various pricing strategies that carriers use when setting prices.

Public Transportation Systems: Principles Of System Design, Operations Planning And Real-time Control
Public Transportation Systems: Principles Of System Design, Operations Planning And Real-time Control

Author: Carlos F Daganzo

Publisher: World Scientific

Published: 2019-03-20

Total Pages: 512

ISBN-13: 9813224118

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This unique book explains how to think systematically about public transportation through the lens of physics models. The book includes aspects of system design, resource management, operations and control. It presents both, basic theories that reveal fundamental issues, and practical recipes that can be readily used for real-world applications. The principles conveyed in this book cover not only traditional transit modes such as subways, buses and taxis but also the newer mobility services that are being enabled by advances in telematics and robotics.Although the book is rigorous, it includes numerous exercises and a presentation style suitable for senior undergraduate or entry-level graduate students in engineering. The book can also serve as a reference for transportation professionals and researchers keen in this field.

Managing Variable Demand for Travel
Managing Variable Demand for Travel

Author: Gary Parker

Publisher: Practical Revenue Management i

Published: 2019-01-19

Total Pages: 28

ISBN-13: 9781520260532

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Revenue management in the passenger transportation industry involves managing demand for seats. To manage demand effectively and efficiently, it is important to understand and anticipate the effects of market forces on potential demand. A high level of analysis and preparation will allow you to better address the effects of forces outside of your control and ensure that the decisions you make are based on insight and fully support business objectives. In this module we begin by looking at the characteristics of passenger demand for travel and discuss a number of factors that influence that demand. The second section focuses on different demand strategies. This includes basic steps you can take to reduce or increase demand and the consequences of maintaining the status quo. The final section is on forecasting demand. We discuss the importance of forecasting demand accurately, the methods used in forecasting, as well as the roles of the revenue analyst, computerised revenue management systems, and effective business processes.

Parking Regulation and Management
Parking Regulation and Management

Author: Daniel Albalate

Publisher: Routledge

Published: 2020-10-07

Total Pages: 254

ISBN-13: 1000196534

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Containing some of the most recent and original studies on parking regulation and management from different disciplines, this book offers rigorous analysis from top researchers with a clear intention to deliver policy implications and provide information to the public. The book is organized according to a variety of key topics. Among others, it covers the interaction of parking with other modes of transportation and its demand, its pricing and external effects, the role of information and digitalization, and the effects of regulation and its enforcement. Also, it includes the views of practitioners, who discuss present parking in cities and the future of its management. Written primarily for scholars interested in transportation, mobility, planning and urban affairs, this book is also directly relevant to practitioners and policymakers in government with responsibilities in mobility. Additionally, the book will be of interest to the private sector as it offers a practical link between rigorous academic analyses and the needs of practitioners.

Urban Redevelopment and Traffic Congestion Management Strategies
Urban Redevelopment and Traffic Congestion Management Strategies

Author: Yanli Wang

Publisher: Springer Nature

Published: 2022-05-31

Total Pages: 299

ISBN-13: 9811917272

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This book focuses on the relationship between urban land redevelopment and traffic systems and discusses the related research. Consisting of three main parts, the first analyzes the interaction between land redevelopment and traffic congestion as well as the mechanisms and causes of traffic congestion. The second part presents strategies for the prevention and control of traffic congestion under urban land redevelopment, proposing a two-stage evaluation system of traffic congestion pre-inspection and traffic impact analysis in the planning and implementation stages of land redevelopment. Lastly, the third section includes an application case analysis of the proposed traffic congestion management strategy.

Forecasting Air Travel Demand
Forecasting Air Travel Demand

Author: Yafei Zheng

Publisher: Routledge

Published: 2018-01-03

Total Pages: 232

ISBN-13: 1351215485

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This book provides an updated, concise summary of forecasting air travel demand methodology. It looks at air travel demand forecasting research and attempts to outline the whole intellectual landscape of demand forecasting. It helps readers to understand the basic idea of TEI@I methodology used in forecasting air travel demand and how it is used in developing air travel demand forecasting methods. The book also discusses what to do when facing different forecasting problems making it a useful reference for business practitioners in the industry.

Module One - Introduction to Passenger Revenue Management
Module One - Introduction to Passenger Revenue Management

Author: Gary L Parker

Publisher: Gary L Parker

Published: 2024-08-09

Total Pages: 25

ISBN-13:

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What is revenue management and why is it needed in the passenger transportation industry of today and tomorrow? Revenue management first appeared in the carrier industry starting in the early 1980s. It arose from the need for accurate demand estimates and resource allocations in the newly deregulated environment. Therefore we begin this book and this module with a look back at the main causes and consequences of carrier deregulation in North America. The second section is an introduction to the basics of revenue management and will serve as a foundation for the rest of the modules in this course. In the final section, we look to the future and consider how the internet is changing ticket distribution and some of the challenges and opportunities that it has created.

Transportation Planning Handbook
Transportation Planning Handbook

Author: ITE (Institute of Transportation Engineers)

Publisher: John Wiley & Sons

Published: 2016-08-01

Total Pages: 1204

ISBN-13: 1118762355

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A multi-disciplinary approach to transportation planning fundamentals The Transportation Planning Handbook is a comprehensive, practice-oriented reference that presents the fundamental concepts of transportation planning alongside proven techniques. This new fourth edition is more strongly focused on serving the needs of all users, the role of safety in the planning process, and transportation planning in the context of societal concerns, including the development of more sustainable transportation solutions. The content structure has been redesigned with a new format that promotes a more functionally driven multimodal approach to planning, design, and implementation, including guidance toward the latest tools and technology. The material has been updated to reflect the latest changes to major transportation resources such as the HCM, MUTCD, HSM, and more, including the most current ADA accessibility regulations. Transportation planning has historically followed the rational planning model of defining objectives, identifying problems, generating and evaluating alternatives, and developing plans. Planners are increasingly expected to adopt a more multi-disciplinary approach, especially in light of the rising importance of sustainability and environmental concerns. This book presents the fundamentals of transportation planning in a multidisciplinary context, giving readers a practical reference for day-to-day answers. Serve the needs of all users Incorporate safety into the planning process Examine the latest transportation planning software packages Get up to date on the latest standards, recommendations, and codes Developed by The Institute of Transportation Engineers, this book is the culmination of over seventy years of transportation planning solutions, fully updated to reflect the needs of a changing society. For a comprehensive guide with practical answers, The Transportation Planning Handbook is an essential reference.