Concession Revenue Modelling and Forecasting
Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.
S@R develops models for support of decision making under uncertainty.
Taking advantage of recognized financial and economic theory, we customize simulation models to fit specific industries, situations and needs.
Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.
Google Trends and Google Insights for Search gives us the opportunity to gain information on a subject’s popularity. A paper by Google Inc. and Centers for Disease Control and Prevention (USA) have shown how search queries can be used to estimate the current level of influenza activity in the United States. (Ginsberg, Mohebbi, Patel, Brammer, […]
In public works and large scale construction or engineering projects – where uncertainty mostly concerns cost, a simplified scenario analysis is often used …
Dear S@R, I am not interested in the use of stochastic models, and particularly Monte Carlo simulations. I believe that these approaches too often lead to underestimating risks of extreme events …