8.2 Airline Revenue Management: An Introduction to Linear Optimization

8.2 Airline Revenue Management: An Introduction to Linear Optimization

Quick Question

 

In the previous video, we set up an optimization problem with 2 different types of tickets.

How many decision variables would we have if there were 4 different types of tickets?

Exercise 1

 Numerical Response 

 

How many constraints would we have if there were 4 different types of tickets (with two different types of tickets, our model has 5 constraints: one capacity constraint, two demand constraints, and two non-negativity constraints)?

Exercise 2

 Numerical Response 

 

Explanation

If our model had 4 different types of tickets, we would have four decision variables, one for each type of ticket. We would have 9 constraints, since we would need one capacity constraint, 4 demand constraints, and 4 non-negativity constraints.

CheckShow Answer

 

Course Info

Learning Resource Types

theaters Lecture Videos
notes Lecture Notes
assignment_turned_in Problem Sets with Solutions