Scheduling and Pricing Flights to Enable a New Air Charter Business Model

D4 Networks, LLC Mathematics, 2006-07

Liaison(s): Chuck McKnett
Advisor(s): Susan Martonosi
Students(s): Jon Dante Azose, Andrew Murphy, Joaquin Nagle, James Osburn, Douglas Reich (PM), Wyatt Toolson

Air charters, which offer a high level of service, are trying to increase demand by reducing costs to a level that is competitive with commercial airlines. Our Clinic was tasked with creating a scheduling model to minimize operating cost by attempting to group customers and accounting for their flexibility. Once a schedule is generated, the team priced the requests fairly based on each customer’s flexibility and desired level of service.