Problem 4 (1 pt) An airline is operating the two-flight network as below: Istanbul Doha Perth...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Problem 4 (1 pt) An airline is operating the two-flight network as below: Istanbul Doha Perth The capacities of these flights are as follows: Istanbul-Doha: 200-seat Doha-Perth: 300-seat Assume that we know the future demand for every ODF with certainty. Demands and fares are as follows: ODF Fare Demand Istanbul to Doha full fare Istanbul to Doha discount fare Doha to Perth full fare Doha to Perth discount fare Istanbul to Perth full fare Istanbul to Perth discount fare Number 1 $300 $250 $1100 $900 $1200 $1000 90 2 60 3 100 4 150 5 50 6 90 a) (0.6 pts) What are the unconstrained demand for these two flights? Note that unconstrained demand is the total number of customers for a particular flight that the manger could sell if accepting every booking request is possible (thus it can be well above the capacity). b) (0.4 pts) Determine whether or not the greedy heuristic will fail for this problem and explain why. Problem 4 (1 pt) An airline is operating the two-flight network as below: Istanbul Doha Perth The capacities of these flights are as follows: Istanbul-Doha: 200-seat Doha-Perth: 300-seat Assume that we know the future demand for every ODF with certainty. Demands and fares are as follows: ODF Fare Demand Istanbul to Doha full fare Istanbul to Doha discount fare Doha to Perth full fare Doha to Perth discount fare Istanbul to Perth full fare Istanbul to Perth discount fare Number 1 $300 $250 $1100 $900 $1200 $1000 90 2 60 3 100 4 150 5 50 6 90 a) (0.6 pts) What are the unconstrained demand for these two flights? Note that unconstrained demand is the total number of customers for a particular flight that the manger could sell if accepting every booking request is possible (thus it can be well above the capacity). b) (0.4 pts) Determine whether or not the greedy heuristic will fail for this problem and explain why.
Expert Answer:
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
Posted Date:
Students also viewed these general management questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The net income for Rips Curling Corp. for the year ended December 31, 2021, was $700,000. Rip had 50,000 ordinary shares outstanding at the beginning of the year. Rip declared and distributed a...
-
Identify the statistic that is used to estimate a. A population mean. b. A population standard deviation.
-
Every week for a year and a half, Newmark was given a shampoo and set by employees of Gimbels. Then a new product (Candle Wave, made by the Helene Curtis company) was applied to Newmarks hair. As a...
-
Describe a series of tensile tests that could be used to measure the four independent engineering constants for an orthotropic lamina without using a pure shear test. Give the necessary equations for...
-
Carleton Closures, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Greg Poole, president of Carleton Closures, Inc., has gathered the following cost...
-
Melanie is employed full-time as an accountant for a national hardware chain. She also has recently started a private consulting practice, which provides tax advice and financial planning to the...
-
Identify and briefly evaluate the principal demographic factors that have contributed towards many developed countries- including Australia, facing a rapidly ageing population.
-
Each question below is 1 point each, for a total of 3 extra credit points. There is no time limit on this. 1. What are free cash flows? 2. Explain the difference between a company's operating cash...
-
The space shuttle is in a 350 km-high circular orbit. It needs to reach a 670 km - high circular orbit to catch the Hubble Space Telescope for repairs. The shuttle's mass is 5.50104 kg Part A How...
-
YUM! Brands, Inc., reports the following footnote relating to its capital and operating leases in its 2015 10-K report ($ millions). Future minimum commitments under noncancelable leases are set...
-
Total fixed costs for Blue Dog Company are $62,000 Total costs, both fixed and variable are $210,000 if 90,000 units are produced. What would be the fixed cost per unit at 90,000 units?
-
In risk management, top-down is usually the recommended approach for large and complex organi- sations. In this approach, security management starts the process from staff at the top hierarchy of the...
-
A study on ethics in the workplace by the Ethics Resource Center and Kronos, Inc., revealed that 35% of employees admit to keeping quiet when they see coworker misconduct. Suppose 78% of employees...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
a. Calculate the centroids for each group in the analysis sample. What do these values indicate? b. Use the regression approach to two-group DA to develop a rule for predicting whether or not a bank...
-
The day after a snowstorm, cars arrive at Mels Auto-Wash at an average rate of 10 per hour according to a Poisson process. The automated car washing process takes exactly 5 minutes from start to...
-
Draw the network representation of the following network flow problem. What kind of network flow problem is this? MIN: +2X13 + 6X14 + 5X15 + 4X23 + 3X24 + 7X25 Subject to: - X13 - X14 - X15 = - 8 +...
-
In a survey, U.S. adults were asked to identify which social media platforms they use. The results are shown in the figure. Six adults who participated in the survey are randomly selected and asked...
-
Rotator cuff surgery has a 90% chance of success. The surgery is performed on three patients. Find the probability of the surgery being successful on exactly two patients.
-
Determine whether each experiment is a binomial experiment. If it is, specify the values of n, p, and q, and list the possible values of the random variable x. If it is not, explain why. 1. A certain...
Study smarter with the SolutionInn App