A Stochastic Analysis of Alternate Ways of Scheduling Transport for Tourists

RIT Economics Department Working Paper No. 09-04

16 Pages Posted: 13 Apr 2009

See all articles by Muhammad H. Chaudhary

Muhammad H. Chaudhary

Rochester Institute of Technology

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: April 13, 2009

Abstract

A firm providing transport to tourists can do so at fixed points in time (scheduling by time). Alternately, it can wait for a certain minimal number of tourists to arrive before it provides transport (scheduling by numbers). This how to schedule problem confronts all providers of transport to tourists. Yet, this problem has received scant theoretical attention in the literature. Hence, we conduct a stochastic analysis of this problem in our paper. We first describe a model that accounts for the common features of sightseeing trips to a particular tourist attraction. Second, we analyze the provision of transport when our firm schedules by time. Third, we study the provision of transport when our firm schedules by numbers. Fourth, we discuss the implications of our findings. Finally, we conclude and then make suggestions for extending the analysis in this paper.

Keywords: Scheduling by Numbers, Scheduling by Time, Tourism, Transport, Uncertainty

JEL Classification: L83, R40

Suggested Citation

Chaudhary, Muhammad H. and Batabyal, Amitrajeet A., A Stochastic Analysis of Alternate Ways of Scheduling Transport for Tourists (April 13, 2009). RIT Economics Department Working Paper No. 09-04, Available at SSRN: https://ssrn.com/abstract=1377376 or http://dx.doi.org/10.2139/ssrn.1377376

Muhammad H. Chaudhary

Rochester Institute of Technology ( email )

Rochester, NY 14623
United States

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology (RIT) - Department of Economics ( email )

92 Lomb Memorial Drive
Rochester, NY 14623-5604
United States
585-475-2805 (Phone)
585-475-5777 (Fax)

HOME PAGE: http://people.rit.edu/aabgsh

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
48
Abstract Views
671
PlumX Metrics