Reconsider the Transcontinental Airlines example presented in Sec 18 8 Management
Reconsider the Transcontinental Airlines example presented in Sec. 18.8. Management has concluded that the original estimate of $500 for the intangible cost of a loss of goodwill on the part of a bumped customer is much too low and should be increased to $1,000. Use the overbooking model to determine the number of reservations that now should be accepted for this flight.
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