Corporate travel departments manage travel costs prescribing best buy decisions. With reference to flights, the crucial choice concerns the fare. As the difference in price can be great, it might seem convenient to always purchase the cheapest ticket, neglecting that the more expensive a fare, the lower the cost of change or cancellation. We define “best buy” minimizing the expected global cost of flights, whence estimating the probability distribution of travellers’ behaviour is necessary. Variables useful to this aim are detected. This statistical approach can improve the efficiency of corporate policies, leading to diversified purchasing strategies.

Guizzardi, A., Stacchini, A., Ranieri, E. (2017). Best buy: what does it mean in corporate travel?. CURRENT ISSUES IN TOURISM, 20(2), 129-134 [10.1080/13683500.2015.1133571].

Best buy: what does it mean in corporate travel?

GUIZZARDI, ANDREA;STACCHINI, ANNALISA;
2017

Abstract

Corporate travel departments manage travel costs prescribing best buy decisions. With reference to flights, the crucial choice concerns the fare. As the difference in price can be great, it might seem convenient to always purchase the cheapest ticket, neglecting that the more expensive a fare, the lower the cost of change or cancellation. We define “best buy” minimizing the expected global cost of flights, whence estimating the probability distribution of travellers’ behaviour is necessary. Variables useful to this aim are detected. This statistical approach can improve the efficiency of corporate policies, leading to diversified purchasing strategies.
2017
Guizzardi, A., Stacchini, A., Ranieri, E. (2017). Best buy: what does it mean in corporate travel?. CURRENT ISSUES IN TOURISM, 20(2), 129-134 [10.1080/13683500.2015.1133571].
Guizzardi, Andrea; Stacchini, Annalisa; Ranieri, Ercolino
File in questo prodotto:
Eventuali allegati, non sono esposti

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/578943
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 2
  • ???jsp.display-item.citation.isi??? 2
social impact