Question: Problem 1 ( 2 pts ) A hotel numbers its fare classes from higher to lower as 1 , 2 , 3 and 4 .
Problem pts A hotel numbers its fare classes from higher to lower as and The room prices for these classes are p$ p$ p$ p$ The demands for these fare classes are denoted by D D D and D The hotel considers the cumulative demands D D D D D D D D D D D D D D These demands turn out to have uniform distributions with the following ranges: D in D in D in D in a pts Before applying EMSRb heuristic, the hotel needs aggregate prices p p p and p Compute these prices. b pts What is the protection level y for classes c pts What is the protection level y for classes d pts What is the protection level y for class e pts How does protection level y change when p reduces to $
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