The process of purchasing air tickets is often hovered with much uncertainties. Such uncertainties are introduced by complex pricing strategies and algorithms used by airline companies which vary ticket price based on dates, time of purchase and different routes selected. In order to reduce...

Risks and uncertainties (e.g. IT-system failure or demand fluctuation) threaten the performance of supply chains. This paper gives insight into the planning of flexibility potential as a crucial tool for managing the consequences of operational and disruptive uncertainties. A simulation study of...