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SUMMARY:Managing air traffic disruptions through strategic prioritization 
 - Ian Kash\, Microsoft Research
DTSTART:20120628T153000Z
DTEND:20120628T161500Z
UID:TALK38811@talks.cam.ac.uk
CONTACT:Microsoft Research Cambridge Talks Admins
DESCRIPTION:The costs of congestion in the U.S. air transportation system 
 are substantial\, with a recent study estimating these costs at over $30 b
 illion for domestic operations in 2007.\nWe develop a prioritized rationin
 g scheme\, Ration by Prioritized Schedule\, and show that significant bene
 fits can be achieved through prioritization\, even in the face of airline 
 recovery responses. Subsequently\, we develop a strategic prioritization g
 ame\, a non-monetary\, market-based scheme for allocating flight prioritie
 s which allows airlines to trade-off priorities across airports. In additi
 on to having nice equilibrium properties\, we show that our bidding and al
 location scheme is capable of achieving some of the benefits of congestion
  pricing\, which has been widely studied in the literature but has met wit
 h significant resistance in practice.
LOCATION:Large lecture theatre\, Microsoft Research Ltd\, 7 J J Thomson Av
 enue (Off Madingley Road)\, Cambridge
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