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Amadeus recently participated in the AGIFORS Revenue Management and Strategic & Schedule Planning Study Groups, held in Miami this May which was hosted by American Airlines. We also attended the Airline Operations study group in Frankfurt this June, hosted by Lufthansa. During these events, Amadeus delivered technical presentations and lectures to aviation experts in the areas of revenue management, scheduling, booking data analytics and airport runway sequencing.
So what exactly is Operations Research and who is AGIFORS?
According to Wikipedia, Operations Research (OR) is 'a discipline that deals with the application of advanced analytical methods to help make better decisions. AGIFORS (Airline Group of theInternational Federation of Operations Research Societies) is the professional society, dedicated to the advancement and application of OR within the airline industry. Each year, AGIFORS organises several study groups addressing specific areas within the airline business. In Miami, the focus was on Revenue Management and Schedule Planning, and in Frankfurt, the topics were Crew Management and Airline Operations.
What were the key topics at the RM and SSP meeting?
What were the highlights of the Ops meeting?
Were there some common trends or issues discussed across the study groups?
The study groups present an excellent opportunity to review the most pressing issues and discuss potential solutions for airline operations, planning, scheduling and revenue management, with colleagues across the aviation industry.
Amadeus is fully committed to OR. In fact, this year a 10 year investment plan has been put in place to develop leading revenue generating solutions for Altéa customers.
We look forward to attending the AGIFORS 53rd Annual Symposium this August in Amsterdam, and hope to see many of you there!