skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

I am attempting to complete the below assignment; I’ve put together what I think is a nice looking Excel outline; with objective, probability distrikbution, etc. What simulation columns do I include other than flight number? What calculations do I need to make to fill them in? I don’t know what to do next. Skyhigh Airlines flight 708 from New York to Los Angeles is a popular flight that is usually sold out. Unfortunately, some ticketed passengers change their plans at the last minute and cancel or re-book on another flight. Subsequently, the airline loses the $450 for every empty seat that the plane flies.To limit their losses from no-shows, the airline routinely overbooks flight 708, and hopes that the number of no-shows will equal the number of seats oversold. However, things seldom work out that well. Sometimes flight 708 has empty seats, and other times there are more passengers than the airplane has seats. When the latter happens, the airline must “bump” pre-ticketed passengers; they estimate that this will cost them $275 in later accommodations to bumped passengers.Fortunately for the airline, hopeful passengers usually show up at flight time without tickets and want to get on the flight. The airline classifies these passengers as standbys while it waits to determine how many seats, if any will be available. Standby passengers can help offset the loss associated with flying an empty seat, but the airline suffers no penalty when a standby passenger is not able to receive a seat.Airline records indicate that the number of No-shows and Standbys will vary according to the probability tables below: Number of Relative Number of Relative No-shows Frequency Standbys Frequency 0 0.04 0 0.26 1 0.08 1 0.34 2 0.14 2 0.24 3 0.25 3 0.11 4 0.30 4 0.05 5 0.13 6 0.06Simulate 25 flights with each of several different overbooking decisions (assume that the best overbooking number will be between 1 and 6) to determine the optimal number of seats to overbook this flight, to minimize the airline’s losses. Tabulate your results and use them to justify your recommendations. You should report, for each scenario, the average loss per flight, and the percentage of flights that suffer a loss.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®