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

Learning Resource Types

theaters Lecture Videos
notes Lecture Notes
assignment_turned_in Problem Sets with Solutions