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NREUP: Predictive Analytics for Dynamic Pricing in Private Aviation
PI Mihhail Berezovski
CO-I Mariah Marin
CO-I Camryn Wills
CO-I Mafalda Soares
OneSky Flight supports the technology needs of four established private jet brands; Flexjet, Sentient Jet, PrivateFly, and Sirio. One key function required by these businesses is trip pricing. This is the exercise of determining the appropriate price for a trip, considering many factors. Today, this process is manual. The ultimate goal of this project is to create a dynamic pricing tool that generates an appropriate price for trips in the US and EU. There is a large part of this project that needs to be addressed: Event Calendar. The Event Calendar includes a factor for each day of the year. These factors are based on the events/holidays that happen throughout the year and their impact on the demand for days on and surrounding the events/holidays. Support for this project is provided by the National Research Experience for Undergraduates Program (NREUP) of the Mathematical Association of America funded by the NSF Grant #1950644.
Read moreCategories: Undergraduate
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