Improving the calculation of reserved deck space
The partner uses a simple formula to estimate the percent of deck space committed on upcoming sailings. The goal of this project is to determine whether the accuracy of this calculation can be improved. The objectives of this project include understanding the data used in the % full calculation, conducting a literature review to determine how other ferry operators perform similar calculations, and performing a root cause analysis to understand cancellation behavior. Through this project, the partner organization expects to gain insights into how vessel deck space is utilized. The project will involve applying data and advanced business analytics approaches to analyze utilization of vessel capacity.