15.071 | Spring 2017 | Graduate

The Analytics Edge

8.2 Airline Revenue Management: An Introduction to Linear Optimization

8.2 Airline Revenue Management: An Introduction to Linear Optimization

Quick Question

 

In your spreadsheet, change the capacity to 250 in the capacity constraint, the regular demand to 150, and the discount demand to 150. Then re-solve the model.

What is the objective value of the optimal solution?

Exercise 1

 Numerical Response 

 

Explanation

You can change the values in the capacity constraint RHS (cell D11), the regular demand (cell D5), and the discount demand (cell D6) and resolve the model by selecting “Solver…” in the “Tools” menu. After it finishes solving, the objective value can be found in the blue cell (B8)

CheckShow Answer

 

Course Info

As Taught In
Spring 2017
Level
Learning Resource Types
Lecture Videos
Lecture Notes
Problem Sets with Solutions