Bulldog Airlines Bulldog Airlines is using a 300 seat 747 for this example Bulldog Airlines is willing

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Bulldog Airlines Bulldog Airlines is using a 300 seat 747 for this example

Bulldog Airlines is willing to discount tickets 40% if probability of not filling all seats is >60%.

Suppose that the estimated number of seats that will fill is 180 with a standard deviation of 15.

Each ticket at full price is $150.00

PHI = .700

How many seats should be retained at full price?

Related Book For answer-question

Operations Management Sustainability And Supply Chain Management

ISBN: 9780137476442

14th Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

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Posted Date: Feb 29, 2024 12:30 AM

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Bulldog Airlines Bulldog Airlines is using a 300 seat 747 for this example Bulldog Airlines is willing

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Operations Management Sustainability And Supply Chain Management

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