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.

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.

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.

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.

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.

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.

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.

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.