TY - GEN
T1 - Investigation of the flight product dynamic choice problem - Preliminary results with simulated respondents
AU - Freund-Feinstein, Uzi
AU - Bekhor, Shlomo
PY - 2012
Y1 - 2012
N2 - In this research the dynamic choice behavior when choosing airline tickets is investigated. 600 simulated choices over a period of 30 days were created using simulated respondents and real airline itineraries. Estimation is conducted using discrete choice models (e.g., MNL, NL and CNL) with comparison between them. It is assumed that consumers will not choose their itinerary from an initial choice set, but will postpone their decision to a later time (at least one time period) trying to maximize their utilities. In addition, the variables on-time performance (OTP) and frequent flier program (FFP) were estimated. Main finding is that passengers do postpone their choice decisions for an average of 2.5-5.6 days over a choice period of 30 days. In addition, FFP membership and OTP were found to have significant effect on consumers' choices. Although as simulated results should be taken cautiously, these results implies that dynamic behavior do take place and should be further investigated with real respondents.
AB - In this research the dynamic choice behavior when choosing airline tickets is investigated. 600 simulated choices over a period of 30 days were created using simulated respondents and real airline itineraries. Estimation is conducted using discrete choice models (e.g., MNL, NL and CNL) with comparison between them. It is assumed that consumers will not choose their itinerary from an initial choice set, but will postpone their decision to a later time (at least one time period) trying to maximize their utilities. In addition, the variables on-time performance (OTP) and frequent flier program (FFP) were estimated. Main finding is that passengers do postpone their choice decisions for an average of 2.5-5.6 days over a choice period of 30 days. In addition, FFP membership and OTP were found to have significant effect on consumers' choices. Although as simulated results should be taken cautiously, these results implies that dynamic behavior do take place and should be further investigated with real respondents.
UR - http://www.scopus.com/inward/record.url?scp=84878237126&partnerID=8YFLogxK
M3 - منشور من مؤتمر
SN - 9781627480239
T3 - 52nd AGIFORS Annual Proceedings 2012 - Symposium and Study Group Meeting
SP - 135
EP - 152
BT - 52nd AGIFORS Annual Proceedings 2012 - Symposium and Study Group Meeting
T2 - 52nd AGIFORS Annual Symposium and Study Group Meeting 2012
Y2 - 9 October 2012 through 13 October 2012
ER -