Capacity, fare, denied-boarding cost, and the no-show distribution are the same as in Exercise 2. However, there

Question:

Capacity, fare, denied-boarding cost, and the no-show distribution are the same as in Exercise 2. However, there is now a 0.6 probability that there will be a walk-up customer for the flight. Assuming there is a seat available on the flight after shows are accommodated, the airline will charge the walk-up customer $200. What is the optimal booking limit for this flight?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: