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Question:

To increase revenue, Aero Air includes three fare classes, which are Y, G, K, in economy class. The independent demand forecasts are summarised as follows:

Class Fare Average Y G K $ 5240 $ 4800 $ 3600 Mean 50 80 230 Demand Std. Dev 5 7 15 By using an aircraft with 180 seats, determine the joint protection levels and booking limits for each fare class. Class Fare Average Y G K $ 5240 $ 4800 $ 3600 Mean 50 80 230 Demand Std. Dev 5 7 15 By using an aircraft with 180 seats, determine the joint protection levels and booking limits for each fare class