Question
Bulldog Airlines Bulldog Airlines is using a 300 seat 747 for this example Bulldog Airlines is willing to discount tickets 40% if probability of not
Bulldog Airlines Bulldog Airlines is using a 300 seat 747 for this example
Bulldog Airlines is willing to discount tickets 40% if probability of not filling all seats is >60%.
Suppose that the estimated number of seats that will fill is 180 with a standard deviation of 15.
Each ticket at full price is $150.00
PHI = .700
How many seats should be retained at full price?
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Operations Management Sustainability And Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
14th Edition
0137476442, 978-0137476442
