Ukridge
Senior
Thanks Cosmo. I can assure all and any that I am not trying to obliquely pry around how the airlines keep their competative data on revenue. It just seemed however, after scanning some of the threads that this could be an extraordinarily difficult task to do and the complexity of the modeling to trace it would be staggering.
You summed it up well when you wrote "The key issue is how and to what extent United makes use of this data to maximize its profits (or minimize its losses), on both a per-flight or per-route basis as well as on an aggregate system-wide basis." This gets back to the classic introduction from mathematics that if one has a pound of flour, yeast, water, and the other basic ingredients does one make 5 loaves of bread and brew 2 liters of beer, or 3 liters of beer and bake 2 loaves of bread? Simple stuff initialy until the number of ingredients starts to grow and the possible number of "products" that can be made and sold enlarges.
Similarly, it seems that after awhile the planner at any airline of size would soon be swamped with trying to make reason of it. Falls under the old rubric 'Give me knowledge, not just information - not just data but the foresight on how to use it.'
Its lights out for me.
Cheers
You summed it up well when you wrote "The key issue is how and to what extent United makes use of this data to maximize its profits (or minimize its losses), on both a per-flight or per-route basis as well as on an aggregate system-wide basis." This gets back to the classic introduction from mathematics that if one has a pound of flour, yeast, water, and the other basic ingredients does one make 5 loaves of bread and brew 2 liters of beer, or 3 liters of beer and bake 2 loaves of bread? Simple stuff initialy until the number of ingredients starts to grow and the possible number of "products" that can be made and sold enlarges.
Similarly, it seems that after awhile the planner at any airline of size would soon be swamped with trying to make reason of it. Falls under the old rubric 'Give me knowledge, not just information - not just data but the foresight on how to use it.'
Its lights out for me.
Cheers