hotel operating with a capacity of 3 0 0 similar rooms, decides five fare classes for taking
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Question:
hotel operating with a capacity of similar rooms, decides five fare classes for taking bookings during Christmas week due to the high demand. The Demand normally distributed and standard deviation for the fare class are given as follows.
Fare
Class
Price
Mean demand
Standard deviation
What should be the protection levels for the classes, using EMSRb Also compare the results with that of EMSRa
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