Flights between chicago and phoenix daily

Assignment Help Business Management
Reference no: EM133022005

Southwest Airlines offers 11 flights between Chicago and Phoenix daily.

A "Wanna Get Away" one-way fare is $182, while an "Anytime" one-way fare is $398. Assume that 137 seats are available on a Southwest Airlines 737-300 aircraft.

-What is the optimal booking limit on "Wanna Get Away" seats if Southwest Airlines expects 30 "Anytime" customers, plus or minus 15, at one standard deviation? How many seats would be protected for "Anytime" customers?
-What is the optimal booking limit on "Wanna Get Away" seats if Southwest Airlines expects 60 "Anytime" customers, plus or minus 30, at one standard deviation? How many seats would be protected for "Anytime" customers?
-Given this fare structure, is the optimal number of "Anytime" fare seats protected for Southwest greater than or less than the anticipated expected "Anytime" fare seats demanded?

Reference no: EM133022005

Questions Cloud

Create a hierarchical diagram : Create a hierarchical diagram and discuss how this organization could influence groups that would in turn create favorable communication concerning this organiz
What is the context and background of the video : What is the context and background of the video? -Explain what you have learned from the video?
Concern to public service managers : It has been argued that employee probation is poorly managed in most public sector organisations in Ghana. Discuss 4 reasons why this should be of concern to pu
Product life cycle and maximising the use of all stock : Can you please outline the principles of stock control, including: Rotation and replenishment:
Flights between chicago and phoenix daily : Southwest Airlines offers 11 flights between Chicago and Phoenix daily.
Does friedman work mean giving medicines away : Does Friedman's work mean giving medicines away is unethical since it doesn't serve the stockholders? Why or why not?
Duties and obligations under whs legislation : Based on your duties and obligations under WHS legislation, list an example of a safety direction that you should follow from your supervisor?
What is the share in net loss or investment loss : On January 1, 2020, Storm Inc. invested P2M cash in a joint venture for 50% interest. What is the share in net loss or investment loss
Need for an organization to change : Identify and discuss how internal forces can bring about the need for an organization to change

Reviews

Write a Review

Business Management Questions & Answers

  What is your topic and what is its business significance

HI6008Assessment Three FINAL Business Research Report. Your business research topic. What is your topic and what is its business significance. A brief background/literature discussion of your topic. Provide a list of research questions for the ident..

  Appropriate article on whistleblowers

Find an appropriate article on whistleblowers and write about 1 to 2 pages. The article should be related to ethics.

  Economic consequences of the kindred nursing

How could you evaluate the economic consequences of the Kindred Nursing and Rehabilitation valley on the basis of organizational performance and stakeholder

  What is the probability of no arrivals

Airline passengers arrive randomly and independently at the passenger screening facility at a major international airport. The mean arrival rate is 4 passengers

  What are the organization areas of weakness

What are the organization's areas of weakness? Using your research on organizational behavior approaches to corporate culture, diversity

  Discuss the roles played by the marketing function

Discuss the roles played by the Marketing function in strategic management.

  American-made clothes

Jenny cuts in to tell Steve that she won't shop at that store anymore because they don't sell American-made clothes.

  Identify five non- verbal communication cues

Identify five non- verbal communication cues in the case and explain their significance.

  How does your approach to conflict resolution impact

Which of the five conflict resolution strategies best characterizes your personal approach to resolving conflict?

  Organizational position on ethics and social responsibility

Should they include the organizational position on ethics and/or social responsibility? Explain.

  Is the internet monopoly

Is the Internet a monopoly? Can this change? Discuss. Which types of markets are more likely to have cartels and which are less likely? Why? Discuss.

  Business processes and csr initiatives

In the case, Banyan tree had resorted to innovative means to incorporate CSR in their business processes and CSR initiatives were taken as a tool for customer

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd