Question
a 100 seat plane has two fare classes with High Fare = $499. No show is distributed as Poisson (mean = 10)., Overbooking Penalty =
a 100 seat plane has two fare classes with High Fare = $499. No show is distributed as Poisson (mean = 10)., Overbooking Penalty = $600
Discount fare pax show up as there is no refund for no show (the discount fare is $99)
Which passengers to overbook? How many to overbook?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
