Engineering Commons^™

A Forecasting Tool For Predicting Australia's Domestic Airline Passenger Demand Using A Genetic Algorithm, Panarat Srisaeng, Glenn Baxter, Steven Richardson, Graham Wild

Research outputs 2014 to 2021

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 …