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عنوان فارسی مقاله:

مدیریت درآمد محموله هوایی تحت سیاست بازخرید


عنوان انگلیسی مقاله:

Air cargo revenue management under buy-back policy


سال انتشار : 2016



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بخشی از مقاله انگلیسی:


3. The proposed model

3.1. Description of the space procurement process According to Amram and Kulatilaka (1999), an option is the right, but not the obligation for the holder to buy or sell property at an agreed price. If it is not exercised by a stated date the money is forfeited. Applying the concept ‘option’ in our context means that the intermediary buys the right to get the air cargo space at an agreed price in the future by paying the option price and to exercise the buying before the expiration date. To exercise the option and to actually buy the space before the expiration date, the intermediary has to pay a defined strike price which acts like a reservation. Asset providers has the corresponding obligation to fulfill the transaction if intermediary exercises the option. To the contrary, intermediaries are not obligated to buy the space as agreement. Therefore, to avoid the potential unexercised action, asset providers usually oversells the option and proposes to buy back certain capacity before the actual exercise. The asset refers to the space of the operating carriers in the application. We make the following assumptions in order to explain the procedure: a trade with two participants is considered. Single airline is considered in the model to provide cargo space and is recognized as an asset provider (A). The other side of the trade who can access the space of the airlines by buying options is called intermediary (I). The intermediary only sells the space to the end customers without actually operating the airlines.



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کلمات کلیدی:

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