Establish a ticket allocation methodology, given a set of ticket prices for a given day, for basic
Question:
Establish a ticket allocation methodology, given a set of ticket prices for a given day, for basic coach and economy plus tickets for all routes within the hubs region.
This local network is serviced by two planes:
1. Airbus A220 -100 with a total seating capacity of 135 passengers
2. Airbus A320 with a total seating capacity of 150 passengers
every destination must be served non-stop to and from Kansas. Like this:
The two planes are parked overnight at Saltlake City and Atlanta. Here are all future flight days in a 6-month time window, for each fare class and destination.
1. Determine how many seats to allocate to each route (you can check that total demand exceeds capacity) with the goal to maximize revenue. Model output should contain metrics used by agents or travel site engines that assist in guiding whether tickets should still be allocated if full allocated capacity is reached for a given route and class
2. Advise the board at which location to station the A220 and A320 (one in Saltlake, the other in Atlanta)
Expert Answer:
