Question: note that this is the same question but different parts to it Airline company X wants to determine how many overbooking they should accept for

note that this is the same question but different

note that this is the same question but different parts to it

Airline company X wants to determine how many overbooking they should accept for a particular flight in order to minimize the total cost (or maximize the total profit). Each seat is worth $100. In other words, if a plane fly with a vacant seat, each vacancy costs $100 to the company. If a customer cannot fly due to overbooking, the company must pay each customer $350. The cancellation statistics is attached. What is w, the unit cost of over-stocking overbookings? Cancellation (C) Frequency Probability 9 Service Level PC

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