Multi-Leg Seat Inventory Control Based on EMSU and Virtual Bucket

Expected marginal seat revenue (EMSR) is a well-known method for airline seat inventory control airlines. However, this method employs a static model to study the dynamic reservation process, and does not take into account the risk tolerance of policy makers. Expected marginal seat utility (EMSU) replaces revenue by utility, which addresses the real situation of seat inventory control. However, there is still a lack of multi-leg seat control algorithms based on EMSU. Therefore, using EMSU and bucket algorithms, this paper applies the Markov decision-making process to simulate the flight reservation process and builds a dynamic multi-leg seat inventory control model. Experimental results validate the effectiveness of the proposed method

Value Operations Methodology for Value Driven Design: Medium Range Passenger Airliner Validation

This paper gives insight in the development of a Value Operations Methodology (VOM) that can be used to support Value Driven Design (VDD). The VOM establishes expressions for operational value levers that are incorporated into a weighted value function. This value function is then used to optimize the design variables that are incorporated into it so that the design process is actively driven by value assessments that provide design decision metrics. However, the VOM is generic in nature and has a much wider range of influence to the design process for any engineering product. The methodology is verified by means of a case study, analyzing the value difference between the Boeing 737-200, Boeing 737-800, Embraer ERJ-145 and the Airbus 319 as part of a use-case study. In fact, the fundamental conclusion from the work presented is actually that VDD simply promotes the sustained application of the main utility values that were originally recognised but which, due to the complexity of the product and enterprise, tends to be disaggregated into isolated requirements. Ultimately, this leads to optimisation at a sub-system level and that is especially unacceptable for a complex system (with many sub-systems), whereas the re-focus of VOM helps to significantly shift the design effort back to creatively solving the main goal, rather than simply and somewhat robotically making sure the requirements are satisfied. The verification and validation work presented is recognised as indicative but the authors believe that it is extremely significant in pointing towards the potential gains from sustaining a more holistic appraisal and approach through-out the design process. Notwithstanding, the key message of the paper is the need for value modelling within engineering so that we are in control of the consequences of what we are actualising, where value is realised through operational delivery and excellence! This paper has presented a broad methodology in opening up a significantly different approach to aircraft design that may well still be economically driven but incorporating drivers of a much more holistic cause: proactively rather than reactively