A flight from la to san jose has 200 seats the airline

Assignment Help Operation Management
Reference no: EM13382155

A flight from LA to San Jose has 200 seats. The airline knows that the number of no-shows will vary between 1 and 4, all numbers equally likely. The discount fare price is $200 and the estimated "denied boarding" cost is $500. How many seats should the airline sell for this flight in order to maximize expected revenue?

Reference no: EM13382155

Questions Cloud

Buyer organizations seeking it services usually require an : buyer organizations seeking it services usually require an oral presentation with questions and answers from the final
A a textile manufacturer wants to set up a control chart : a. a textile manufacturer wants to set up a control chart for irregularities .e.g. oil stains shop soil loose threads
A your firm uses a fixed order quantity system and operates : a. your firm uses a fixed order quantity system and operates 52 weeks per year. one of the items handled has the
Problem 1aa bearing production shop undertook a process : problem 1a.a bearing production shop undertook a process capability study. the following data were obtained for 15
A flight from la to san jose has 200 seats the airline : a flight from la to san jose has 200 seats. the airline knows that the number of no-shows will vary between 1 and 4 all
Jj is selling an exclusive hand-made necklace on ebay it is : jj is selling an exclusive hand-made necklace on ebay. it is estimated that the demand next month is a function of
You have decided to become an entrepreneur you have a : you have decided to become an entrepreneur. you have a product in mind you want to manufacture. you have also developed
The kab corporations daily demand for item xyz is normally : the kab corporations daily demand for item xyz is normally distributed with a mean of 50 units. the replenishment lead
A mail-order house uses 18000 boxes a year carrying costs : a mail-order house uses 18000 boxes a year. carrying costs are 60 cents per box a year and ordering costs are 96. the

Reviews

Write a Review

Operation Management Questions & Answers

  Describe a plan for evaluating the effectiveness

Describe a plan for evaluating the effectiveness of the diversity training offered by the vendor. What measures will you use, and how will you design the evaluation study?

  Relationship between perceptions, attitudes and behaviors

What are the relationships between perceptions, attitudes, behaviors, and job performance. Why are unions exploring new collaboration solutions in the face of economic/work adversity

  Discuss starbucks would be considered a premium brand

Discuss whether Starbucks would be considered a premium brand. Comprise competitors in your analysis. Is Starbucks' strategy one of product or experience.

  Write a java program to accept integer values

Write an algorithm, draw a flow chart and write a java program to accept integer valuesfrom keyboard and will find and print the minimum, maximum, summation and average of entered numbers

  Discussion on open innovation approach

How might businesses use the Internet to identify untapped customer needs through open innovation? What do you see as the major advantages and disadvantages of the open innovation approach?

  Describe the areas where you see yourself lacking

From the e-Activity, briefly describe your results from the communication skills quiz. Describe the areas where you see yourself lacking or needing improvement as a communicator, and suggest steps you could take to improve or fill a void.

  What is the weekly savings from forecasting

what is the weekly savings from forecasting just the components and options as compared to the potential number of finished products.

  Explain how much of a leading edge do you think

Explain how much of a leading edge do you think that organisations utilizing these tools also techniques in an integrated manner might gain from the point of view of corporate performance.

  Airlines lose thousands of checked bags every day

Airlines lose thousands of checked bags every day, and America South Airlines is no exception to the industry rule. Over the past 6 weeks, the number of bags "misplaced" on America South flights has been 18, 10, 4, 6, 12, and 10

  Calculate the profit gain

The senior management at Canine Kernels Company CKC is concerned with the existing capacity limitations so they want to accept the mix of orders that maximizes the company's profits.

  Categorize different scheduling procedures for various types

Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines. Your initial post should include explanations and examples and be 200-250 words.

  Importance of corporate university in corporate development

The unit introduction and textbook reading address corporate universities and name a few of the organizations that have developed their own universities.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd