A simulation-optimization model for the problem of evaluating a new fractional ownership jets operation

Um modelo integrado de simulação-otimização para a avaliação de um novo negócio de aeronaves de propriedade compartilhada

In this paper, the authors describe a simulation-optimization model to help evaluate the feasibility of a new fractional ownership jet operation. This problem arises in the planning phase a new business to be launched, when it is necessary to evaluate alternative base location for the jets (how many and where) as well as to estimate the minimum required fleet size and the amount of deadhead (i.e. empty) trips that do not generate revenue. The problem of determining the fleet requirements, as well as allocation of jets to minimize the empty flights, is modeled as a space-time minimum cost network flow model legs based on daily flight demands generated by Monte Carlo simulation. The authors' model was implemented in Excel spreadsheet with automation of all procedures related to the simulation and to building and solving the optimization model, in such a way that data can be easily inputted, updated and modified, and the models run in an easy and straightforward way by anyone with no required skills in operations research.


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  • Accession Number: 01492644
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Sep 11 2013 7:36AM