How should y1 be decided

Airline Example: 2 Classes Data:  Capacity is 100 seats.  Two fare classes: - Full fare: f1 = $499. y1 - Discounted fare: f2 = $99.  Two customer classes: - Business: Book in last minute. Demand is DB ~ Normal(25,5). - Leisure: Book in advance. Demand is DL ~ Normal(200,20).  

Answer rating: 100% (QA)

Deciding y1 in the Airline Example with Two Classes In this airline pricing model with two fare classes Full and Discounted and two customer classes B... View the full answer