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 solved our optimization problem in LibreOffice. In your spreadsheet, change the demand for regular seats to 50 (cell D5). Then re-solve the model.

What is the new optimal objective value?

Exercise 1

 Numerical Response 

 

Now change the demand of regular seats to 200. What is the new optimal objective value?

Exercise 2

 Numerical Response 

 

Explanation

For each of these questions, change the value in cell D5 to the new demand. Then select “Solver…” in the “Tools” menu, and hit solve. The problem should re-solve, and the new objective value is in the Objective cell (B8).

CheckShow Answer

 

Course Info

Learning Resource Types

theaters Lecture Videos
notes Lecture Notes
assignment_turned_in Problem Sets with Solutions