Calculate the co-cost of over booking number of no show, Operation Management

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Calculate the co-cost of over booking number of no show

Assignment:

Co-Cost of over booking (Cumulative P (n< x) x ZMW 1500)

Caiculate the following:

(i) Expected number of no shows

(ii )The optimal probability of no- shows

(iii) Total cost of overbooking by Two (2) seats (Cost of bumping customers Loss of sales from no shows)

(iv) Expected savings a Flight and what would be your comment to the Airline so they can improve on revenue performance?

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Operation Management: Calculate the co-cost of over booking number of no show

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Operation Management: Calculate the co-cost of over booking number of no show

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