Scheduling Trips During the Slack Season: An Aspect of the Economics of Seasonal Tourism

RIT Economics Department Working Paper No. 08-01

10 Pages Posted: 27 Dec 2007

Multiple version iconThere are 2 versions of this paper

Date Written: January 2008

Abstract

The trip scheduling problem faced by a firm providing transport to tourists visiting a specific location in the slack season has received scant theoretical attention in the tourism literature. Therefore, we conduct a stochastic analysis of the slack season trip scheduling problem. We first describe a general model that accounts for the common features of sightseeing trips to city attractions and to locations such as fiords and lakes. Second, we determine the long run fraction of time that the transport providing firm is unable to satisfy the demand for trips. Third, we ascertain the long run fraction of demand that is lost to the transport providing firm. Finally, we generalize the analysis and consider the case in which a key exogenously given variable is random and not constant.

Keywords: Peak Season, Slack Season, Stochastic Demand, Tourism, Trip Scheduling

JEL Classification: L83, L23, R41

Suggested Citation

Batabyal, Amitrajeet A., Scheduling Trips During the Slack Season: An Aspect of the Economics of Seasonal Tourism (January 2008). RIT Economics Department Working Paper No. 08-01, Available at SSRN: https://ssrn.com/abstract=1078465 or http://dx.doi.org/10.2139/ssrn.1078465

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology ( email )

Department of Economics, RIT
92 Lomb Memorial Drive
Rochester, NY NEW YORK 14623-5604
United States
5853134063 (Phone)
5854755777 (Fax)

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

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