Informatics and Applications
2024, Volume 18, Issue 4, pp 34-43
MODELING THE PRICE ELASTICITY OF DEMAND ON PASSENGER AIR TRANSPORTATION IN RUSSIA WITH LIMITED STATISTICAL DATA
- I. V. Uryupin
- A. A. Sukharev
Abstract
The paper is aimed to suggest a model describing the influence of air fares on air transportation demand
in the Russian air transportation system. The authors suggest an approach and a mathematical model for the price
elasticity of air travel demand estimation in the Russian Federation both at the national level and for a single
route. In the context of limited statistical information, the problem of incomplete data on tariffs was solved by an
additional regression model of the dependence of tariffs on the distance of transportation. The results of the study
contribute to airline practitioners and stakeholders by providing a Russian-context-specific allied instrument for
estimating the influence of the air fare change on air transportation demand to solve a range of tasks related to
aircraft design and operation. The article demonstrates the use of the obtained model to assess the potential for changes in demand for transportation when replacing existing types of aircraft with advanced models on a specific
route and in the whole Russian air transportation system.
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[+] About this article
Title
MODELING THE PRICE ELASTICITY OF DEMAND ON PASSENGER AIR TRANSPORTATION IN RUSSIA WITH LIMITED STATISTICAL DATA
Journal
Informatics and Applications
2024, Volume 18, Issue 4, pp 34-43
Cover Date
2024-12-26
DOI
10.14357/19922264240405
Print ISSN
1992-2264
Publisher
Institute of Informatics Problems, Russian Academy of Sciences
Additional Links
Key words
air transportation system; mathematical modeling; price elasticity; airlines; air transportation
Authors
I. V. Uryupin  and A. A. Sukharev 
Author Affiliations
Federal Research Center "Computer Science and Control" of the Russian Academy of Sciences, 44-2 Vavilov Str., Moscow 119333, Russian Federation
National Research University Higher School of Economics, 20 Myasnitskaya Str., Moscow 101000, Russian Federation
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