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Potential cost savings of frequent flyer miles for business travel |
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| Authors: | Yoshinori Suzuki Clyde Kenneth Walter |
| Affiliation: | 1. School of Traffic and Transportation Engineering, Central South University, Changsha 410075, China;2. Howard R. Hughes College of Engineering, University of Nevada, Las Vegas, NV 89154, USA;1. School of Transportation Science and Engineering, Harbin Institute of Technology, Harbin, Heilongjiang 150090, PR China;2. Department of Civil and Environmental Engineering, University of Illinois at Urbana-Champaign, Urbana, IL 61801, United States;3. Department of Civil and Environmental Engineering, The Hong Kong Polytechnic University, Hung Hom, Hong Kong;4. School of Traffic and Transportation, Central South University, Changsha, Hunan 410075, PR China |
| Abstract: | The mileage redemption strategy is a procedure used by many business firms to reduce air travel costs, in which the frequent flyer miles of traveling employees accumulated during business trips are applied to their future business trips to obtain “free” air tickets. This paper presents a framework that investigates how the frequent flyer miles can be used in the most effective way to reduce air travel costs by those firms that are either using the mileage redemption strategy or considering the use of the strategy. The framework can be implemented quite easily by a spreadsheet software such as Microsoft Excel. |
| Keywords: | Travel cost Frequent flyer miles Airfares |
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