Answered step by step
Verified Expert Solution
Question
1 Approved Answer
this is all the information i ha w Revenue Management Quantifications 1. An airplane holds 100 passengers (all one class) and can make 5 roundtrip.
this is all the information i ha w
Revenue Management Quantifications 1. An airplane holds 100 passengers (all one class) and can make 5 roundtrip. flights per day. There are 5 ticket price levels A is $300, B is $250, C is $200, D is $175 and is standby (free). The airline will only offer an inventory of 100 class D tickets. They have currently sold 75 A tickets, 75 B tickets, 50 C tickets, 100 D tickets. Given what has already been ticketed, what is the maximum revenue for this airplane? What is the maximum quantity of tickets you can sell (total)? Consider that $75,000 the breakeven for this airplane? What parameters would you put in lace to ensure that you cannot sell a combination of tickets that returns less than the breakeven amount? 6:26 PM 2. You own a restaurant with 80 seats and a turnover of 1.75 for dinner. Your aliast check is $15.75. What is vour forecasted revenue for a vear Revenue Management Quantifications 1. An airplane holds 100 passengers (all one class) and can make 5 roundtrip. flights per day. There are 5 ticket price levels A is $300, B is $250, C is $200, D is $175 and is standby (free). The airline will only offer an inventory of 100 class D tickets. They have currently sold 75 A tickets, 75 B tickets, 50 C tickets, 100 D tickets. Given what has already been ticketed, what is the maximum revenue for this airplane? What is the maximum quantity of tickets you can sell (total)? Consider that $75,000 the breakeven for this airplane? What parameters would you put in lace to ensure that you cannot sell a combination of tickets that returns less than the breakeven amount? 6:26 PM 2. You own a restaurant with 80 seats and a turnover of 1.75 for dinner. Your aliast check is $15.75. What is vour forecasted revenue for a vearStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started