Economics-AW747

Economics-AW747 Online Services

 

Homework: Problems
 
Submit complete solutions to the following exercises to your instructor
 
Text Chapter 11 Exercise 5 (Determining the Level of Overbooking)
• Develop a table similar to Table 11-7. Determine the best overbooking level based on expected cost (loss) approach.
• Determine the best overbooking level based on the Critical Fractile Criterion.
 
An airline serving Denver’s International Airport and Steamboat Springs, Colorado, is considering overbooking its flights to avoid flying with empty seats. For example, the ticket agent is thinking of taking seven reservations for an airline that has only six seats. During the past month, the no-show experience has been
No shows 0 1 2 3 4
Percentage 30 25 20 15 10
The operating costs associated with each flight are pilot, $150; first officer, $100; fuel, $30; and landing fee, $20.
 
What would be your recommendation for overbooking if a one-way ticket sells for $80 and the cost of not honoring a reservation is a free lift ticket worth $50 plus a seat on the next flight? What is the expected profit per flight for your overbooking choice?
 
You can read more about our case study assignment help services here.
 

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Case Approach

Scientific Methodology

We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:

Defining Problem

The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.

Structure Definition

The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.

Research and Analysis

This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.

Conclusion & Recommendations

A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.

Related Services

 

Determine the best staffing level using the linear programming approach. Copy and paste the spreadsheet showing how the problem was set up in Excel and the Answer Sheet from Excel in your assignment.
 
The sheriff has been asked by the county commissioners to increase weekend patrols in the lake regions during the summer months. The sheriff has proposed the following weekly schedule, shifting deputies from weekday assignments to weekends
 

Day Sun Mon Tues Wed Thurs Fri Sat
Assignment 6 4 4 4 5 5 6
Develop a weekly workshift schedule of duty tours, providing two consecutive days off per week for each officer. Formulate the problem as an integer linear programming model to minimize the number of officers needed, and solve using Exel Solver.
 
Product code: Economics-AW747
 
Looking for best Economics-AW747 online ,please click here
 

Summary