After ruling out illegal flights, we need to quantify the demand (number of passengers or "traffic") for each flight so we can calculate the price of the ticket and net profit for the flight. The traffic is determined by the rules below; for an example, read page 5 of Project.pdf.
On average day, 0.5% of the metro population of an district travels by air
Market share starts at 2% and is expected to grow to 5% by the end of the year. Unspecified growth in the following year.
Arrival rate of passengers is constant during the available hours between the source and destination airports
Demand for travel from airports A to B is proportional to the metro population of the destination airport to the metro population of all reachable airports
Group Questions
What if two or more airports share a metro population? Only 0.5% of that population travels by air. How is that distributed between the $n$ airports that share said metro population? For example, Miami International Airport, Fort Lauderdale-Hollywood International Airport, and Palm Beach International Airport are all a part of the Miami Metro metro area, which has a population of about 6.138 million,
Does the total metro population of all reachable airports include airport B? (consensus: total is inclusive)
Should we assume linear growth? Implying a market share of 8% by the end of the second year?
Summary
After ruling out illegal flights, we need to quantify the demand (number of passengers or "traffic") for each flight so we can calculate the price of the ticket and net profit for the flight. The traffic is determined by the rules below; for an example, read page 5 of Project.pdf.
Group Questions