Consultant Air focuses business on high-paying McKinsey consultants, but to fill planes, it alsocarries the general public.
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Consultant Air focuses business on high-paying McKinsey consultants, but to fill planes, it alsocarries the general public. It is flying a 100 seat jet from Atlanta to San Francisco and the consultantdemand is normally distributed with mean 60 and standard deviation 10. Consultants pay $1,200 perticket, the general public pays $150. Of course, the general public must book a flight several weeksahead of time, while the consultants book flights at the last minute. How many seats should be openedup for the general public? On average, assuming 0 no-shows, how full will the plane be under thisplan?
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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