Grey skies for Qantas

[oz_mark]

Not a lot of demand for physicists in oz.

 

[FL360]

Given what QAN did to their retail (Mum and Dad) shareholders
I am not surprise that they will do anything to keep their executive salaries
and bonuses.....

Perhaps Joyce and cohorts don't even question such niceties, given that they are happy to sit back and let pax who have paid for QF brand endure LCC service and forego SCs and pts on JQ metal.

No models and stats have any importance if you treat your customers with such disregard.

But providing you have some other model that tells you how amazingly smart you are to juggle a few fare levels around to sell a couple of seats, why worry about those pax who you have lost for good, but happen not to have the stats to trouble you. Such a model may be optimised through any number of iterations, but is ultimately dependent on choice of variables, basic model assumptions, starting conditions, etc.

 

[serfty]

... ...or, apparently, "management science" (add chorus of groans from at least from one pure scientist here) and "yield management" - hopefully they don't try to call it yield management science...yet...:-|

The only really frequent term I have come across in reference to Airline Yield Management is along the lines of it being a "Black Art".

Look at platy's post #35 here. I believe it shows a level of qualification for a role in YM ...

(Hands up those you got as far as "... may tend towards more than one stable state ..." with comprehension in that post; I believe I did.)

 

[Platy]

Look at platy's post #35 here. I believe it shows a level of qualification for a role in YM ...

Eeeek, no thanks! :shock:

Actually, I think my academic qualifications make me the best man for the QF CEO position (and I need a contract or two after the GFC vaporised about 6 projects) !!!!!!!

 

[medhead]

Not a lot of demand for physicists in oz.

There are a few niches outside universities in supposedly expanding areas...

 

[Nigelinoz]

Eeeek, no thanks! :shock:

Actually, I think my academic qualifications make me the best man for the QF CEO position (and I need a contract or two after the GFC vaporised about 6 projects) !!!!!!!

Don't know about the CEO job,platy, but I'll nominate you for the job of
executive in charge of food and wine tasting.
That'd be more in your line,don't you think?:mrgreen:

 

[Commuter]

Joyce has an impressive resume,he holds a masters of science from Trinity College with a
double major in Physics and Maths,so when Qantas needs to run the numbers you couldn't
imagine that there would be a better man for the job.

Having a masters in maths and physics doesn't necessarily mean he can run a business well though.

If that logic works, I'd have invented a novel super-cheap supersonic aircraft type that goes at 3x the speed of sound by now. :mrgreen:

We'll just have to wait and see how he goes, I guess.

 

[comint]

although my experience has been that its the mathematicians who turn to the dark side…Whereas physicists and biologists stick to the science…

Perhaps the reason there is no Nobel Prize for Mathematics.

 

[Nigelinoz]

Perhaps the reason there is no Nobel Prize for Mathematics.

There is the Fields Medal which is often described as the "Nobel Prize of mathematics but it's only awarded every four years and even then only to
mathematicians under 40 years old.

 

[Platy]

Perhaps the reason there is no Nobel Prize for Mathematics.

BUT the mathematician John Nash did win the Nobel Prize for Economics Science in 1994, and of relevance to this thread, for his work in developing mathematical models on game theory...

John Forbes Nash, Jr. - Wikipedia, the free encyclopedia

 

[Platy]

Don't know about the CEO job,platy, but I'll nominate you for the job of
executive in charge of food and wine tasting.
That'd be more in your line,don't you think?:mrgreen:

Yes, indeed, and it's amazing where double masters degrees in science and maths can lead one!!! Perhaps Joycey should be joining me in a similar position! Now where's that Crownie and Yering Station...and a good hearty breakfast in the J lounge...

 

[medhead]

BUT the mathematician John Nash did win the Nobel Prize for Economics Science in 1994, and of relevance to this thread, for his work in developing mathematical models on game theory...

John Forbes Nash, Jr. - Wikipedia, the free encyclopedia

As I said - They turn to the dark side