An airline company offers four fairs as shown in the table below. The demand distribution for each fare is normal with mean and standard deviation as given in the table. Find an estimate of the protection levels for the classes using the heuristic EMSR-a.
An airline company offers four fairs as shown in the table below. The demand distribution for each fare is normal with mean and standard deviation as given in the table. Find an estimate of the protection levels for the classes using the heuristic EMSR-a.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 46P
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Question
An airline company offers four fairs as shown in the table below. The demand distribution for each fare is normal with mean and standard deviation as given in the table. Find an estimate of the protection levels for the classes using the heuristic EMSR-a.
Note:-
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Transcribed Image Text:Class
1
2
3
4
1
2
Fare
3
mean stdev
4700 50
1250 150
Class Protection Level
1100 200
1000 100
10
20
100
20
Note: Please use the integer part of the solution you obtain. Do not round up to the next integer value. For example, if
you get 125.78 use 125 rather than 126.
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