Paper Info
Title
Bombardier Flexjet Significantly Improves Its Fractional Aircraft Ownership Operations
Abstract
The fractional aircraft market is the fastest growing segment of the business aircraft industry. A fractional aircraft operation is complex--essentially an unscheduled airline in a constantly changing environment. Bombardier Flexjet implemented a comprehensive three-module optimization system to simultaneously maximize its use of aircraft, crews, and facilities. AD OPT Technologies designed the modules, using the GENCOL optimizer developed at GERAD, which employs a column-generation approach to decompose large-scale mixed-integer nonlinear programming problems. Since inception, the project has generated savings in excess of $54 million with projected additional savings of $27 million annually, primarily by lowering crew levels (20 percent), aircraft inventory (40 percent), and supplemental charter aircraft usage (five percent) while increasing aircraft utilization (10 percent). The quality of customer service has remained consistently high, with significant reduction in supply.
Year
DOI
Venue
2005
10.1287/inte.1040.0113
Interfaces
Keywords
DocType
Volume
transportation: models,fractional aircraft market,ad opt technologies,fractional aircraft ownership operations,supplemental charter aircraft usage,aircraft utilization,fractional aircraft operation,gencol optimizer,business aircraft industry,aircraft inventory,additional saving,bombardier flexjet,network,programming: nonlinear.
Journal
35
Issue
ISSN
Citations 
1
0092-2102
3
PageRank 
References 
Authors
0.50
5
9
Name
Order
Citations
PageRank
Richard Hicks130.50
Richard Madrid230.50
Chris Milligan330.50
Robert Pruneau430.50
Mike Kanaley530.50
Yvan Dumas6243.45
Benoit Lacroix7243.24
Jacques Desrosiers81800204.60
François Soumis982197.64