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Topic: “Perspectives on Application of Decision Analysis to Maximize Yield on Financial Markets and in the Airline Industries” QUESTION Briefly suggest how the DSS model should be updated to generate new seat allocations and revised bid price information. Please include such decision factors as overbooking level, sale forecast and estimates for the recapture probabilities, full and discount fare information, and traffic management, etc

Topic: “Perspectives on Application of Decision Analysis to Maximize Yield on Financial Markets and in the Airline Industries” QUESTION Briefly suggest how the DSS model should be updated to generate new seat allocations and revised bid price information. Please include such decision factors as overbooking level, sale forecast and estimates for the recapture probabilities, full and discount fare information, and traffic management, etc

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Topic: “Perspectives on Application of Decision Analysis to Maximize Yield on Financial Markets and in the Airline Industries” QUESTION Briefly suggest how the DSS model should be updated to generate new seat allocations and revised bid price information. Please include such decision factors as overbooking level, sale forecast and estimates for the recapture probabilities, full and discount fare information, and traffic management, etc
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