Question: Problem 1 ( 2 pts ) Consider Istanbul - London ( single - leg ) flight with 2 2 0 seats. a ) ( 1
Problem pts Consider IstanbulLondon singleleg flight with seats. a pts The historic show rate has averaged on this flight. What will be the optimal overbooking limit calculated using deterministic heuristic? b pts Assume that the ticket price is $ The number x of noshows is independent of total bookings and is given by a normal distribution with mean of and standard deviation of The denied boarding cost is $ per denied boarding. Calculate the optimal booking limit
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