Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 12 Sep 2017 My Price 10.00

Ithaca to Newark

A small airline, Ivy Air, flies between three cities: Ithaca, Newark, and Boston. They offer several flights but, for this problem, let us focus on the Friday afternoon flight that departs from Ithaca, stops in Newark, and continues to Boston. There are three types of passengers:

(a) Those traveling from Ithaca to Newark.

(b) Those traveling from Newark to Boston.

(c) Those traveling from Ithaca to Boston.

The aircraft is a small commuter plane that seats 30 passengers. The airline offers three fare classes:

(a) Y class: full coach.

(b) B class: nonrefundable.

(c) M class: nonrefundable, 3-week advanced purchase.

Ticket prices, which are largely determined by external influences (i.e., competitors), have been set and advertised as follows:

Based on past experience, demand forecasters at Ivy Air have determined the following upper bounds on the number of potential customers in each of the 9 possible origin-destination/fare-class combinations:

The goal is to decide how many tickets from each of the 9 origin/destination/ fare-class combinations to sell. The constraints are that the plane cannot be overbooked on either of the two legs of the flight and that the number of tickets made available cannot exceed the forecasted maximum demand. The objective is to maximize the revenue. Formulate this problem as a linear programming problem.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Sep 2017 01:09 PM My Price 10.00

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