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© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

This study addresses the challenge of predicting the passenger load factor (PLF) in air transportation to optimize capacity management and revenue maximization. Leveraging historical reservation data from 19 Turkish Airlines market routes and sample flights, we propose a novel approach combining deep assessment methodology (DAM) with fractional calculus theory. By modeling the relationship between PLF and the number of days remaining until a flight, our method yields minimal errors compared to traditional techniques. Through a continuous curve constructed using the least-squares approach, we enable the anticipation of future flight values. Our analysis demonstrates that the DAM model with a first-order derivative outperforms linear techniques and the Fractional Model-3 in both modeling capabilities and prediction accuracy. The proposed approach offers a data-driven solution for efficiently managing air transport capacity, with implications for revenue optimization. Specifically, our modeling findings indicate that the DAM wd model improves prediction accuracy by approximately 0.67 times compared to the DAM model, surpassing the fractional model and regression analysis. For the DAM wd modeling method, the lowest average mean absolute percentage error (AMAPE) value achieved is 0.571, showcasing its effectiveness in forecasting flight outcomes.

Details

Title
Modeling and Predicting Passenger Load Factor in Air Transportation: A Deep Assessment Methodology with Fractional Calculus Approach Utilizing Reservation Data
Author
Şimşek, Kevser 1   VIAFID ORCID Logo  ; Nisa Özge Önal Tuğrul 1   VIAFID ORCID Logo  ; Karaçuha, Kamil 2   VIAFID ORCID Logo  ; Tabatadze, Vasil 1   VIAFID ORCID Logo  ; Karaçuha, Ertuğrul 1   VIAFID ORCID Logo 

 Informatics Institute, Istanbul Technical University, Istanbul 34467, Turkey; [email protected] (N.Ö.Ö.T.); [email protected] (V.T.); [email protected] (E.K.) 
 Faculty of Electrical and Electronics Engineering, Istanbul Technical University, Istanbul 34467, Turkey; [email protected] 
First page
214
Publication year
2024
Publication date
2024
Publisher
MDPI AG
e-ISSN
25043110
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
3046823399
Copyright
© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.