ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book focuses on those theoretical developments and applications that will be important foundations for the next decade of demand modeling in the airline industry. It provides perspectives on additional research opportunities emerging in the airline industry that can leverage the benefits of discrete choice and other behavioral models based on disaggregate data. Indeed, investigating methods to forecast airline demand and integrating new behavioral findings into larger decision-support systems are fruitful and exciting areas of research, and ones that can only be strengthened through collaborations between OR and discrete choice modeling analysts. To date, the majority of aviation applications using discrete choice models with revealed preference data have focused on either application in which it is relatively easy to generate the choice set. Researchers have started investigating benefits associated with developing the next generation of choice-based revenue management (RM) systems.
