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engine planes, and ( 3 ) wide - body jet engine planes. Each type of plane has different resource requirements, as well seats to hold
engine planes, and widebody jet engine planes. Each type of plane has different resource requirements, as well seats to hold passengers. For example, the turboprop planes are smaller and slower, resulting in less fuel being consumed each flight, but it can only carry passengers. In contrast, the largest of planes, the widebody jets, travel almost faster than turboprops while in the air and carry passengers, but consume four times as much fuel per flight! IF tracks the following items when analyzing the performance of a route: time for each flight which includes time to take off, fly, and land; the amount of fuel used during the flight; the number of personnel involved in the flight including pilots, flight attendants FA security guards, and baggage handlers; the maximum number of passengers per flight; and the ticket price for the flight. Given the resource requirements and revenue potential for each type of plane, along with constraints on specific resources, your task is to determine the optimal mix of planes to cover the demand for a new route that IF's management team is considering. Tasks In the RPLANEMIX" worksheet, enter formulas to calculate the following: Total Revenue Per Flight, which is Passenger Per Flight multiplied by Average Ticket Price, for each plane type. Individual and Total Costs for each type of resource Pilots FAs, Security, Baggage, Fuel for a month. Each of these will be a combination of the number of flights, multiplied by the amount of each resource used per flight, then multiplied by the dollar cost rate per unit of each resource. Note that the cost of a resource depends on its cost behaviour; for example, the cost of a pilot is based on how many hours they have flown, while the cost of baggage handlers is based on how many of them were needed for that flight. Number of Passengers flown, the Total Revenue earned, and Gross Margin ie Total Revenue less Total Costs for each plane type and in total. Number of Turboprop Pilot, Jet Pilot, and FA hours used in the month. Each of these are combination of the number of each personnel type used on a given flight, multiplied by the number of hours flown, with consideration to plane type.
engine planes, and widebody jet engine planes.
Each type of plane has different resource requirements, as well seats to hold passengers. For example, the turboprop planes are smaller and slower, resulting in less fuel being consumed each flight, but it can only carry passengers. In contrast, the largest of planes, the widebody jets, travel almost faster than turboprops while in the air and carry passengers, but consume four times as much fuel per flight!
IF tracks the following items when analyzing the performance of a route: time for each flight which includes time to take off, fly, and land; the amount of fuel used during the flight; the number of personnel involved in the flight including pilots, flight attendants FA security guards, and baggage handlers; the maximum number of passengers per flight; and the ticket price for the flight.
Given the resource requirements and revenue potential for each type of plane, along with constraints on specific resources, your task is to determine the optimal mix of planes to cover the demand for a new route that IF's management team is considering.
Tasks
In the RPLANEMIX" worksheet, enter formulas to calculate the following:
Total Revenue Per Flight, which is Passenger Per Flight multiplied by Average Ticket Price, for each plane type.
Individual and Total Costs for each type of resource Pilots FAs, Security, Baggage, Fuel for a month. Each of these will be a combination of the number of flights, multiplied by the amount of each resource used per flight, then multiplied by the dollar cost rate per unit of each resource. Note that the cost of a resource depends on its cost behaviour; for example, the cost of a pilot is based on how many hours they have flown, while the cost of baggage handlers is based on how many of them were needed for that flight.
Number of Passengers flown, the Total Revenue earned, and Gross Margin ie Total Revenue less Total Costs for each plane type and in total.
Number of Turboprop Pilot, Jet Pilot, and FA hours used in the month. Each of these are combination of the number of each personnel type used on a given flight, multiplied by the number of hours flown, with consideration to plane type.
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