Don't miss the 2024 INFORMS Franz Edelman Award reprise presentation during the Annual Meeting in Seattle
Passenger Ferry Operations in the Digital Era: Forecasting & Revenue Management at Molslinjen
Tuesday, October 22, 5:25 pm
Halfspace and Molslinjen have partnered to develop and operate a successful forecasting and revenue management toolbox for data-driven operation of ferries in Denmark, rolled out operationally since 2020. This has resulted in $2.6-3.2M yearly savings and been a significant contributor to a 3% reduction in fuel costs and emissions. This toolbox relies on the latest advances in machine learning for forecasting and ORMS approaches to revenue management. The potential for generalizing to the global ferry industry is significant, with an impact on both revenues and ESG criteria.
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-Irv Lustig
Optimization Principal
Princeton Consultants
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