Document Type

Journal Article

Publisher

IAE

School

School of Engineering

RAS ID

20486

Comments

This article was originally published as: Srisaeng, P., Baxter, G., Richardson, S., & Wild, G. (2015). A Forecasting Tool for Predicting Australia’s Domestic Airline Passenger Demand Using a Genetic Algorithm. Journal of Aerospace Technology and Management, 7(4), 476-489. Original article available here

Abstract

This study has proposed and empirically tested for the first time genetic algorithm optimization models for modelling Australia’s domestic airline passenger demand, as measured by enplaned passengers (GAPAXDE model) and revenue passenger kilometres performed (GARPKSDE model). Data was divided into training and testing datasets; 74 training datasets were used to estimate the weighting factors of the genetic algorithm models and 13 out-of-sample datasets were used for testing the robustness of the genetic algorithm models. The genetic algorithm parameters used in this study comprised population size (n): 200; the generation number: 1,000; and mutation rate: 0.01. The modelling results have shown that both the quadratic GAPAXDE and GARPKSDE models are more accurate, reliable, and have greater predictive capability as compared to the linear models. The mean absolute percentage error in the out of sample testing dataset for the GAPAXDE and GARPKSDE quadratic models are 2.55 and 2.23%, respectively.

Additional Information

Notice from Publishers web site; Copyright NoticeThis work is licensed under a Creative Commons — Attribution 4.0 International — CC BY 4.0.

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DOI

10.5028/jatm.v7i4/475

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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