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You have been assigned to manage booking levels for Delta Airlines. Flight from Seattle to Dallas has been the focus of attention for revenue management due to low utilization of the available seats. This flight is served by a Boeing 737 with a capacity of 150 seats in the Economy class. The economy full fare on this flight is $800. For Flight scheduled on April 15, you have already accepted 100 reservations so far. No discount fares are being offered. Based on the past history of bookings on this flight, you expect the additional demand for this flight for full-fare economy seats to be Uniformly distributed between 1 and 100 reservations. Assume that all passengers who make reservations on this flight will show up, and hence you should not overbook this flight.
You have received a message from Priceline indicating that a group of students are willing to offer $360 per seat for a group of at least 20 seats, and the group is willing to buy up to 50 seats at this price. Should you accept this offer? If so, how many seats are you willing to give to this group? If not, how much will the students need to offer to obtain a reservation for at least 20 seats?
Create a high-level AS IS process flow chart using an appropriate design tool. Identify at least one metric to measure the process and its application (how, what, when, and who).
Looking at the examples of Richard Branson and Graham Edwards, what common strategies do they have for successfully managing risk? What mistakes did Marks & Spencer’s make? What do the examples of the CIA and Barings Bank teach us about risk manageme..
What is the equilibrium price and quantity in this market?
"Every individual employee in an organization plays a role in controlling work activities." Do you agree with this statement, or do you think control is something that only managers are response for? Explain.
A shipment of machined steel parts valued at $75,000 needs to be shipped from Rockwall, Texas to Rochester, New York. They could be shipped by rail, taking 15 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,640. The annual holdin..
How can the concept of span of control and grouping similar functions be utilized with an Aviation predictive maintenance approach
Tell us about a time when you were part of a successful group or team. What made it successful? Tell us about a time when you experienced conflict in a group or team. What was the cause? How was it handled? What could have been done differently by e..
What steps could a company take to avoid making product design and marketing mistakes when introducing new consumer products into Brazil?
Rodney Ruxin's Legal Services is raising capital to open a new law office in southern California. The project has an initial start up cost of $752,995. The firm maintains a debt-equity ratio of 0.50 and has a flotation cost of debt of 6.8 percent and..
Explain how academic knowledge impacts the social elements and institutions of both local and global communities.
What are the different types of buyers and consumers? How does the type of buyer or consumer impact marketing strategy? As part of your response, consider the characteristics of buyers and the factors that influence their purchasing decision. How can..
Provide a detailed summary of the purpose of vision and mission statements in organizations. How do they work, and what is the outcome of successfully crafting visions and missions?
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