Question
How should y1 be decided Airline Example: 2 Classes Data: Capacity is 100 seats. Two fare classes: - Full fare: f1 = $499. y1 -
How should y1 be decided
Airline Example: 2 Classes Data: Capacity is 100 seats. Two fare classes: - Full fare: f1 = $499. y1 - Discounted fare: f2 = $99. Two customer classes: - Business: Book in last minute. Demand is DB ~ Normal(25,5). - Leisure: Book in advance. Demand is DL ~ Normal(200,20).
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
