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1. CPM and LP Consider the following information for a project. The following shows the network diagram for the above project. 3. Recall the FLYAWAY

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1. CPM and LP Consider the following information for a project. The following shows the network diagram for the above project. 3. Recall the FLYAWAY airline overbooking problem (see overbooking excel file in the lecture note folder). Assume that the airline uses the following simple price policy. a. Is this a good policy comparing with the fixed price ( $250 ) policy? b. Please discuss any challenges (more than 2 items) that the airline company can have if it applis the simple price policy

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