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Question 1 : Airplane Booking Problem ( see Newsvendor Model Lecture ) Please do the Airplane Booking Problem with a high fare of $ 7
Question : Airplane Booking Problem see Newsvendor Model Lecture
Please do the Airplane Booking Problem with a high fare of $ and low fare of $ The business traveler demand is given by Nmu sigma What is the understocking cost CuWhat is the overstocking cost CoWhat is the service level or critical fractile? Please state a probability with decimal places and not a percentageWhat is the corresponding zscore?How many seats should we protect for full fare customers? Please round to a whole number?
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