On a given PhiladelphiaLos Angeles flight, there are 200 seats. Suppose the ticket price is $475 on
Question:
a. What is the maximum number of reservations that should be accepted?
b. Suppose you allow 220 reservations. How much money do you expect to pay out in compensation to bumped passengers?
c. Suppose you allow 220 reservations. What is the probability that you will have to deal with bumped passengers?
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Related Book For
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
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