Model

Piedmont
Piedmont Commuter
Commuter Airlines
Airlines
Given
Seats Available 19 Seats Demanded
Ticket Price per Seat $150 14
Prob. of No-Show per Person 0.10 15
Cost of Bumping per Passenger $325 16
Decision Variable Reservations Accepted 21 17
18
Seats Demanded #NAME? 19
Tickets Sold #NAME? 20
Passengers to Board #NAME? 21
22
Ticket Revenue #NAME? 23
Cost of bumping #NAME? 24
Marginal Profit SimTable #NAME? 25
1 0 3150
2 0.0050251256 3000 Marty is concerned about the
3 0.0100502513 2700 and her objective is to find the
4 0.0150753769 3150 of accepted reservations) tha
5 0.0201005025 3000
6 0.0251256281 3000 Provide Marty an interval esti
7 0.0301507538 2850 this flight under the current re
8 0.0351758794 3150
9 0.040201005 2100
10 0.0452261307 3000 sample size
11 0.0502512563 3150
12 0.0552763819 3150 Sample Mean
13 0.0603015075 2500 sample Stdev
14 0.0653266332 2250
15 0.0703517588 3000
16 0.0753768844 3150
17 0.0804020101 2550
18 0.0854271357 2825
19 0.0904522613 3150
20 0.0954773869 3000
21 0.1005025126 2850
22 0.1055276382 2825
23 0.1105527638 3000
24 0.1155778894 2700
25 0.1206030151 3150
26 0.1256281407 3000

Page 2
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27 0.1306532663 2675
28 0.135678392 2850
29 0.1407035176 2700
30 0.1457286432 2550
31 0.1507537688 2550
32 0.1557788945 2550
33 0.1608040201 2850
34 0.1658291457 2825
35 0.1708542714 2675
36 0.175879397 3150
37 0.1809045226 2550
38 0.1859296482 2850
39 0.1909547739 2550
40 0.1959798995 3000
41 0.2010050251 2400
42 0.2060301508 2400
43 0.2110552764 2700
44 0.216080402 3000
45 0.2211055276 3000
46 0.2261306533 2400
47 0.2311557789 2550
48 0.2361809045 2700
49 0.2412060302 2700
50 0.2462311558 2400
51 0.2512562814 2550
52 0.256281407 2250
53 0.2613065327 3000
54 0.2663316583 2550
55 0.2713567839 2700
56 0.2763819095 2250
57 0.2814070352 2700
58 0.2864321608 2700
59 0.2914572864 2700
60 0.2964824121 2100
61 0.3015075377 3000
62 0.3065326633 2850
63 0.3115577889 2825
64 0.3165829146 2850
65 0.3216080402 3000
66 0.3266331658 3150
67 0.3316582915 3000
68 0.3366834171 3150
69 0.3417085427 3150

Page 3
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70 0.3467336683 2850
71 0.351758794 3150
72 0.3567839196 3150
73 0.3618090452 3150
74 0.3668341709 2700
75 0.3718592965 2400
76 0.3768844221 2400
77 0.3819095477 2850
78 0.3869346734 2550
79 0.391959799 2550
80 0.3969849246 2700
81 0.4020100503 3150
82 0.4070351759 3000
83 0.4120603015 3150
84 0.4170854271 2675
85 0.4221105528 3150
86 0.4271356784 3150
87 0.432160804 3150
88 0.4371859296 2850
89 0.4422110553 2250
90 0.4472361809 3000
91 0.4522613065 2500
92 0.4572864322 2400
93 0.4623115578 2700
94 0.4673366834 2850
95 0.472361809 2550
96 0.4773869347 3000
97 0.4824120603 2850
98 0.4874371859 3000
99 0.4924623116 2250
100 0.4974874372 3000
101 0.5025125628 2400
102 0.5075376884 3150
103 0.5125628141 2825
104 0.5175879397 3000
105 0.5226130653 3150
106 0.527638191 2850
107 0.5326633166 2550
108 0.5376884422 3150
109 0.5427135678 2700
110 0.5477386935 3150
111 0.5527638191 3150
112 0.5577889447 2500

Page 4
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113 0.5628140704 2700

114 0.567839196 2400
115 0.5728643216 2700
116 0.5778894472 2700
117 0.5829145729 2400
118 0.5879396985 2825
119 0.5929648241 2500
120 0.5979899497 3000
121 0.6030150754 3000
122 0.608040201 3150
123 0.6130653266 3150
124 0.6180904523 2700
125 0.6231155779 3150
126 0.6281407035 2850
127 0.6331658291 3000
128 0.6381909548 2825
129 0.6432160804 2700
130 0.648241206 3000
131 0.6532663317 2675
132 0.6582914573 3150
133 0.6633165829 2500
134 0.6683417085 3150
135 0.6733668342 2500
136 0.6783919598 2100
137 0.6834170854 2100
138 0.6884422111 2700
139 0.6934673367 2700
140 0.6984924623 2850
141 0.7035175879 3150
142 0.7085427136 3150
143 0.7135678392 3000
144 0.7185929648 2700
145 0.7236180905 2250
146 0.7286432161 2250
147 0.7336683417 3150
148 0.7386934673 3150
149 0.743718593 2850
150 0.7487437186 3150
151 0.7537688442 2700
152 0.7587939698 2700
153 0.7638190955 2825
154 0.7688442211 3150
155 0.7738693467 3000

Page 5
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156 0.7788944724 2100

157 0.783919598 2700
158 0.7889447236 3150
159 0.7939698492 3000
160 0.7989949749 2825
161 0.8040201005 2550
162 0.8090452261 2400
163 0.8140703518 2700
164 0.8190954774 2825
165 0.824120603 2250
166 0.8291457286 2850
167 0.8341708543 3000
168 0.8391959799 3150
169 0.8442211055 2700
170 0.8492462312 2850
171 0.8542713568 2500
172 0.8592964824 2825
173 0.864321608 2850
174 0.8693467337 2850
175 0.8743718593 3150
176 0.8793969849 2100
177 0.8844221106 2550
178 0.8894472362 2400
179 0.8944723618 2550
180 0.8994974874 2825
181 0.9045226131 3150
182 0.9095477387 2825
183 0.9145728643 2825
184 0.9195979899 2250
185 0.9246231156 2700
186 0.9296482412 2250
187 0.9346733668 2250
188 0.9396984925 2675
189 0.9447236181 3150
190 0.9497487437 2550
191 0.9547738693 2550
192 0.959798995 2850
193 0.9648241206 2700
194 0.9698492462 2250
195 0.9748743719 3150
196 0.9798994975 3150
197 0.9849246231 2850
198 0.9899497487 2700

Page 6
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199 0.9949748744 2550

200 1 2850
1.0050251256 2881.25
1.0100502513 2902.7574
1.0150753769 2924.2647
1.0201005025 2945.7721
1.0251256281 2967.2794
1.0301507538 2988.7868
1.0351758794 3010.2941
1.040201005 3031.8015
1.0452261307 3053.3088
1.0502512563 3074.8162
1.0552763819 3096.3235
1.0603015075 3117.8309
1.0653266332 3139.3382
1.0703517588 3160.8456
1.0753768844 3182.3529
1.0804020101 3203.8603
1.0854271357 3225.3676
1.0904522613 3246.875
1.0954773869 3268.3824
1.1005025126 3289.8897
1.1055276382 3311.3971
1.1105527638 3332.9044
1.1155778894 3354.4118
1.1206030151 3375.9191
1.1256281407 3397.4265
1.1306532663 3418.9338
1.135678392 3440.4412
1.1407035176 3461.9485
1.1457286432 3483.4559
1.1507537688 3504.9632
1.1557788945 3526.4706
1.1608040201 3547.9779
1.1658291457 3569.4853
1.1708542714 3590.9926
1.175879397 3612.5
1.1809045226 3634.0074
1.1859296482 3655.5147
1.1909547739 3677.0221
1.1959798995 3698.5294
1.2010050251 3720.0368
1.2060301508 3741.5441

Page 7
 Model

1.2110552764 3763.0515
1.216080402 3784.5588
1.2211055276 3806.0662
1.2261306533 3827.5735
1.2311557789 3849.0809
1.2361809045 3870.5882
1.2412060302 3892.0956
1.2462311558 3913.6029
1.2512562814 3935.1103
1.256281407 3956.6176
1.2613065327 3978.125
1.2663316583 3999.6324
1.2713567839 4021.1397
1.2763819095 4042.6471
1.2814070352 4064.1544
1.2864321608 4085.6618
1.2914572864 4107.1691
1.2964824121 4128.6765
1.3015075377 4150.1838
1.3065326633 4171.6912
1.3115577889 4193.1985
1.3165829146 4214.7059
1.3216080402 4236.2132
1.3266331658 4257.7206
1.3316582915 4279.2279
1.3366834171 4300.7353
1.3417085427 4322.2426
1.3467336683 4343.75
1.351758794 4365.2574
1.3567839196 4386.7647
1.3618090452 4408.2721
1.3668341709 4429.7794
1.3718592965 4451.2868
1.3768844221 4472.7941
1.3819095477 4494.3015
1.3869346734 4515.8088
1.391959799 4537.3162
1.3969849246 4558.8235
1.4020100503 4580.3309
1.4070351759 4601.8382
1.4120603015 4623.3456
1.4170854271 4644.8529
1.4221105528 4666.3603

Page 8
 Model

1.4271356784 4687.8676
1.432160804 4709.375
1.4371859296 4730.8824
1.4422110553 4752.3897
1.4472361809 4773.8971
1.4522613065 4795.4044
1.4572864322 4816.9118
1.4623115578 4838.4191
1.4673366834 4859.9265
1.472361809 4881.4338
1.4773869347 4902.9412
1.4824120603 4924.4485
1.4874371859 4945.9559
1.4924623116 4967.4632
1.4974874372 4988.9706
1.5025125628 5010.4779
1.5075376884 5031.9853
1.5125628141 5053.4926
1.5175879397 5075
1.5226130653 5096.5074
1.527638191 5118.0147
1.5326633166 5139.5221
1.5376884422 5161.0294
1.5427135678 5182.5368
1.5477386935 5204.0441
1.5527638191 5225.5515
1.5577889447 5247.0588
1.5628140704 5268.5662
1.567839196 5290.0735
1.5728643216 5311.5809
1.5778894472 5333.0882
1.5829145729 5354.5956
1.5879396985 5376.1029
1.5929648241 5397.6103
1.5979899497 5419.1176
1.6030150754 5440.625
1.608040201 5462.1324
1.6130653266 5483.6397
1.6180904523 5505.1471
1.6231155779 5526.6544
1.6281407035 5548.1618
1.6331658291 5569.6691
1.6381909548 5591.1765

Page 9
 Model

1.6432160804 5612.6838
1.648241206 5634.1912
1.6532663317 5655.6985
1.6582914573 5677.2059
1.6633165829 5698.7132
1.6683417085 5720.2206
1.6733668342 5741.7279
1.6783919598 5763.2353
1.6834170854 5784.7426
1.6884422111 5806.25
1.6934673367 5827.7574
1.6984924623 5849.2647
1.7035175879 5870.7721
1.7085427136 5892.2794
1.7135678392 5913.7868
1.7185929648 5935.2941
1.7236180905 5956.8015
1.7286432161 5978.3088
1.7336683417 5999.8162
1.7386934673 6021.3235
1.743718593 6042.8309
1.7487437186 6064.3382
1.7537688442 6085.8456
1.7587939698 6107.3529
1.7638190955 6128.8603
1.7688442211 6150.3676
1.7738693467 6171.875
1.7788944724 6193.3824
1.783919598 6214.8897
1.7889447236 6236.3971
1.7939698492 6257.9044
1.7989949749 6279.4118
1.8040201005 6300.9191
1.8090452261 6322.4265
1.8140703518 6343.9338
1.8190954774 6365.4412
1.824120603 6386.9485
1.8291457286 6408.4559
1.8341708543 6429.9632
1.8391959799 6451.4706
1.8442211055 6472.9779
1.8492462312 6494.4853
1.8542713568 6515.9926

Page 10
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1.8592964824 6537.5
1.864321608 6559.0074
1.8693467337 6580.5147
1.8743718593 6602.0221
1.8793969849 6623.5294
1.8844221106 6645.0368
1.8894472362 6666.5441
1.8944723618 6688.0515
1.8994974874 6709.5588
1.9045226131 6731.0662
1.9095477387 6752.5735
1.9145728643 6774.0809
1.9195979899 6795.5882
1.9246231156 6817.0956
1.9296482412 6838.6029
1.9346733668 6860.1103
1.9396984925 6881.6176
1.9447236181 6903.125
1.9497487437 6924.6324
1.9547738693 6946.1397
1.959798995 6967.6471
1.9648241206 6989.1544
1.9698492462 7010.6618
1.9748743719 7032.1691
1.9798994975 7053.6765
1.9849246231 7075.1838
1.9899497487 7096.6912
1.9949748744 7118.1985
2 7139.7059
2.0050251256 7161.2132
2.0100502513 7182.7206
2.0150753769 7204.2279
2.0201005025 7225.7353
2.0251256281 7247.2426
2.0301507538 7268.75
2.0351758794 7290.2574
2.040201005 7311.7647
2.0452261307 7333.2721
2.0502512563 7354.7794
2.0552763819 7376.2868
2.0603015075 7397.7941
2.0653266332 7419.3015
2.0703517588 7440.8088

Page 11
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2.0753768844 7462.3162
2.0804020101 7483.8235
2.0854271357 7505.3309
2.0904522613 7526.8382
2.0954773869 7548.3456
2.1005025126 7569.8529
2.1055276382 7591.3603
2.1105527638 7612.8676
2.1155778894 7634.375
2.1206030151 7655.8824
2.1256281407 7677.3897
2.1306532663 7698.8971
2.135678392 7720.4044
2.1407035176 7741.9118
2.1457286432 7763.4191
2.1507537688 7784.9265
2.1557788945 7806.4338
2.1608040201 7827.9412
2.1658291457 7849.4485
2.1708542714 7870.9559
2.175879397 7892.4632
2.1809045226 7913.9706
2.1859296482 7935.4779
2.1909547739 7956.9853
2.1959798995 7978.4926
2.2010050251 8000
2.2060301508 8021.5074
2.2110552764 8043.0147
2.216080402 8064.5221
2.2211055276 8086.0294
2.2261306533 8107.5368
2.2311557789 8129.0441
2.2361809045 8150.5515
2.2412060302 8172.0588
2.2462311558 8193.5662
2.2512562814 8215.0735
2.256281407 8236.5809
2.2613065327 8258.0882
2.2663316583 8279.5956
2.2713567839 8301.1029
2.2763819095 8322.6103
2.2814070352 8344.1176
2.2864321608 8365.625

Page 12
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2.2914572864 8387.1324
2.2964824121 8408.6397
2.3015075377 8430.1471
2.3065326633 8451.6544
2.3115577889 8473.1618
2.3165829146 8494.6691
2.3216080402 8516.1765
2.3266331658 8537.6838
2.3316582915 8559.1912
2.3366834171 8580.6985
2.3417085427 8602.2059
2.3467336683 8623.7132
2.351758794 8645.2206
2.3567839196 8666.7279
2.3618090452 8688.2353
2.3668341709 8709.7426
2.3718592965 8731.25
2.3768844221 8752.7574
2.3819095477 8774.2647
2.3869346734 8795.7721
2.391959799 8817.2794
2.3969849246 8838.7868
2.4020100503 8860.2941
2.4070351759 8881.8015
2.4120603015 8903.3088
2.4170854271 8924.8162
2.4221105528 8946.3235
2.4271356784 8967.8309
2.432160804 8989.3382
2.4371859296 9010.8456
2.4422110553 9032.3529
2.4472361809 9053.8603
2.4522613065 9075.3676
2.4572864322 9096.875
2.4623115578 9118.3824
2.4673366834 9139.8897
2.472361809 9161.3971
2.4773869347 9182.9044
2.4824120603 9204.4118
2.4874371859 9225.9191
2.4924623116 9247.4265
2.4974874372 9268.9338
2.5025125628 9290.4412

Page 13
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2.5075376884 9311.9485
2.5125628141 9333.4559
2.5175879397 9354.9632
2.5226130653 9376.4706
2.527638191 9397.9779
2.5326633166 9419.4853
2.5376884422 9440.9926
2.5427135678 9462.5
2.5477386935 9484.0074
2.5527638191 9505.5147
2.5577889447 9527.0221
2.5628140704 9548.5294
2.567839196 9570.0368
2.5728643216 9591.5441
2.5778894472 9613.0515
2.5829145729 9634.5588
2.5879396985 9656.0662
2.5929648241 9677.5735
2.5979899497 9699.0809
2.6030150754 9720.5882
2.608040201 9742.0956
2.6130653266 9763.6029
2.6180904523 9785.1103
2.6231155779 9806.6176
2.6281407035 9828.125
2.6331658291 9849.6324
2.6381909548 9871.1397
2.6432160804 9892.6471
2.648241206 9914.1544
2.6532663317 9935.6618
2.6582914573 9957.1691
2.6633165829 9978.6765
2.6683417085 10000.184
2.6733668342 10021.691
2.6783919598 10043.199
2.6834170854 10064.706
2.6884422111 10086.213
2.6934673367 10107.721
2.6984924623 10129.228
2.7035175879 10150.735
2.7085427136 10172.243
2.7135678392 10193.75
2.7185929648 10215.257

Page 14
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2.7236180905 10236.765
2.7286432161 10258.272
2.7336683417 10279.779
2.7386934673 10301.287
2.743718593 10322.794
2.7487437186 10344.301
2.7537688442 10365.809
2.7587939698 10387.316
2.7638190955 10408.824
2.7688442211 10430.331
2.7738693467 10451.838
2.7788944724 10473.346
2.783919598 10494.853
2.7889447236 10516.36
2.7939698492 10537.868
2.7989949749 10559.375
2.8040201005 10580.882
2.8090452261 10602.39
2.8140703518 10623.897
2.8190954774 10645.404
2.824120603 10666.912
2.8291457286 10688.419
2.8341708543 10709.926
2.8391959799 10731.434
2.8442211055 10752.941
2.8492462312 10774.449
2.8542713568 10795.956
2.8592964824 10817.463
2.864321608 10838.971
2.8693467337 10860.478
2.8743718593 10881.985
2.8793969849 10903.493
2.8844221106 10925
2.8894472362 10946.507
2.8944723618 10968.015
2.8994974874 10989.522
2.9045226131 11011.029
2.9095477387 11032.537
2.9145728643 11054.044
2.9195979899 11075.551
2.9246231156 11097.059
2.9296482412 11118.566
2.9346733668 11140.074

Page 15
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2.9396984925 11161.581
2.9447236181 11183.088
2.9497487437 11204.596
2.9547738693 11226.103
2.959798995 11247.61
2.9648241206 11269.118
2.9698492462 11290.625
2.9748743719 11312.132
2.9798994975 11333.64
2.9849246231 11355.147
2.9899497487 11376.654
2.9949748744 11398.162
3 11419.669
3.0050251256 11441.176
3.0100502513 11462.684
3.0150753769 11484.191
3.0201005025 11505.699
3.0251256281 11527.206
3.0301507538 11548.713
3.0351758794 11570.221
3.040201005 11591.728
3.0452261307 11613.235
3.0502512563 11634.743
3.0552763819 11656.25
3.0603015075 11677.757
3.0653266332 11699.265
3.0703517588 11720.772
3.0753768844 11742.279
3.0804020101 11763.787
3.0854271357 11785.294
3.0904522613 11806.801
3.0954773869 11828.309
3.1005025126 11849.816
3.1055276382 11871.324
3.1105527638 11892.831
3.1155778894 11914.338
3.1206030151 11935.846
3.1256281407 11957.353
3.1306532663 11978.86
3.135678392 12000.368
3.1407035176 12021.875
3.1457286432 12043.382
3.1507537688 12064.89

Page 16
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3.1557788945 12086.397
3.1608040201 12107.904
3.1658291457 12129.412
3.1708542714 12150.919
3.175879397 12172.426
3.1809045226 12193.934
3.1859296482 12215.441
3.1909547739 12236.949
3.1959798995 12258.456
3.2010050251 12279.963
3.2060301508 12301.471
3.2110552764 12322.978
3.216080402 12344.485
3.2211055276 12365.993
3.2261306533 12387.5
3.2311557789 12409.007
3.2361809045 12430.515
3.2412060302 12452.022
3.2462311558 12473.529
3.2512562814 12495.037
3.256281407 12516.544
3.2613065327 12538.051
3.2663316583 12559.559
3.2713567839 12581.066
3.2763819095 12602.574
3.2814070352 12624.081
3.2864321608 12645.588
3.2914572864 12667.096
3.2964824121 12688.603
3.3015075377 12710.11
3.3065326633 12731.618
3.3115577889 12753.125
3.3165829146 12774.632
3.3216080402 12796.14
3.3266331658 12817.647
3.3316582915 12839.154
3.3366834171 12860.662
3.3417085427 12882.169
3.3467336683 12903.676
3.351758794 12925.184
3.3567839196 12946.691
3.3618090452 12968.199
3.3668341709 12989.706

Page 17
 Model

3.3718592965 13011.213
3.3768844221 13032.721
3.3819095477 13054.228
3.3869346734 13075.735
3.391959799 13097.243
3.3969849246 13118.75
3.4020100503 13140.257
3.4070351759 13161.765
3.4120603015 13183.272
3.4170854271 13204.779
3.4221105528 13226.287
3.4271356784 13247.794
3.432160804 13269.301
3.4371859296 13290.809
3.4422110553 13312.316
3.4472361809 13333.824
3.4522613065 13355.331
3.4572864322 13376.838
3.4623115578 13398.346
3.4673366834 13419.853
3.472361809 13441.36
3.4773869347 13462.868
3.4824120603 13484.375
3.4874371859 13505.882
3.4924623116 13527.39
3.4974874372 13548.897
3.5025125628 13570.404
3.5075376884 13591.912
3.5125628141 13613.419
3.5175879397 13634.926
3.5226130653 13656.434
3.527638191 13677.941
3.5326633166 13699.449
3.5376884422 13720.956
3.5427135678 13742.463
3.5477386935 13763.971
3.5527638191 13785.478
3.5577889447 13806.985
3.5628140704 13828.493
3.567839196 13850
3.5728643216 13871.507
3.5778894472 13893.015
3.5829145729 13914.522

Page 18
 Model

3.5879396985 13936.029
3.5929648241 13957.537
3.5979899497 13979.044
3.6030150754 14000.551
3.608040201 14022.059
3.6130653266 14043.566
3.6180904523 14065.074
3.6231155779 14086.581
3.6281407035 14108.088
3.6331658291 14129.596
3.6381909548 14151.103
3.6432160804 14172.61
3.648241206 14194.118
3.6532663317 14215.625
3.6582914573 14237.132
3.6633165829 14258.64
3.6683417085 14280.147
3.6733668342 14301.654
3.6783919598 14323.162
3.6834170854 14344.669
3.6884422111 14366.176
3.6934673367 14387.684
3.6984924623 14409.191
3.7035175879 14430.699
3.7085427136 14452.206
3.7135678392 14473.713
3.7185929648 14495.221
3.7236180905 14516.728
3.7286432161 14538.235
3.7336683417 14559.743
3.7386934673 14581.25
3.743718593 14602.757
3.7487437186 14624.265
3.7537688442 14645.772
3.7587939698 14667.279
3.7638190955 14688.787
3.7688442211 14710.294
3.7738693467 14731.801
3.7788944724 14753.309
3.783919598 14774.816
3.7889447236 14796.324
3.7939698492 14817.831
3.7989949749 14839.338

Page 19
 Model

3.8040201005 14860.846
3.8090452261 14882.353
3.8140703518 14903.86
3.8190954774 14925.368
3.824120603 14946.875
3.8291457286 14968.382
3.8341708543 14989.89
3.8391959799 15011.397
3.8442211055 15032.904
3.8492462312 15054.412
3.8542713568 15075.919
3.8592964824 15097.426
3.864321608 15118.934
3.8693467337 15140.441
3.8743718593 15161.949
3.8793969849 15183.456
3.8844221106 15204.963
3.8894472362 15226.471
3.8944723618 15247.978
3.8994974874 15269.485
3.9045226131 15290.993
3.9095477387 15312.5
3.9145728643 15334.007
3.9195979899 15355.515
3.9246231156 15377.022
3.9296482412 15398.529
3.9346733668 15420.037
3.9396984925 15441.544
3.9447236181 15463.051
3.9497487437 15484.559
3.9547738693 15506.066
3.959798995 15527.574
3.9648241206 15549.081
3.9698492462 15570.588
3.9748743719 15592.096
3.9798994975 15613.603
3.9849246231 15635.11
3.9899497487 15656.618
3.9949748744 15678.125
4 15699.632
4.0050251256 15721.14
4.0100502513 15742.647
4.0150753769 15764.154

Page 20
 Model

4.0201005025 15785.662
4.0251256281 15807.169
4.0301507538 15828.676
4.0351758794 15850.184
4.040201005 15871.691
4.0452261307 15893.199
4.0502512563 15914.706
4.0552763819 15936.213
4.0603015075 15957.721
4.0653266332 15979.228
4.0703517588 16000.735
4.0753768844 16022.243
4.0804020101 16043.75
4.0854271357 16065.257
4.0904522613 16086.765
4.0954773869 16108.272
4.1005025126 16129.779
4.1055276382 16151.287
4.1105527638 16172.794
4.1155778894 16194.301
4.1206030151 16215.809
4.1256281407 16237.316
4.1306532663 16258.824
4.135678392 16280.331
4.1407035176 16301.838
4.1457286432 16323.346
4.1507537688 16344.853
4.1557788945 16366.36
4.1608040201 16387.868
4.1658291457 16409.375
4.1708542714 16430.882
4.175879397 16452.39
4.1809045226 16473.897
4.1859296482 16495.404
4.1909547739 16516.912
4.1959798995 16538.419
4.2010050251 16559.926
4.2060301508 16581.434
4.2110552764 16602.941
4.216080402 16624.449
4.2211055276 16645.956
4.2261306533 16667.463
4.2311557789 16688.971

Page 21
 Model

4.2361809045 16710.478
4.2412060302 16731.985
4.2462311558 16753.493
4.2512562814 16775
4.256281407 16796.507
4.2613065327 16818.015
4.2663316583 16839.522
4.2713567839 16861.029
4.2763819095 16882.537
4.2814070352 16904.044
4.2864321608 16925.551
4.2914572864 16947.059
4.2964824121 16968.566
4.3015075377 16990.074
4.3065326633 17011.581
4.3115577889 17033.088
4.3165829146 17054.596
4.3216080402 17076.103
4.3266331658 17097.61
4.3316582915 17119.118
4.3366834171 17140.625
4.3417085427 17162.132
4.3467336683 17183.64
4.351758794 17205.147
4.3567839196 17226.654
4.3618090452 17248.162
4.3668341709 17269.669
4.3718592965 17291.176
4.3768844221 17312.684
4.3819095477 17334.191
4.3869346734 17355.699
4.391959799 17377.206
4.3969849246 17398.713
4.4020100503 17420.221
4.4070351759 17441.728
4.4120603015 17463.235
4.4170854271 17484.743
4.4221105528 17506.25
4.4271356784 17527.757
4.432160804 17549.265
4.4371859296 17570.772
4.4422110553 17592.279
4.4472361809 17613.787

Page 22
 Model

4.4522613065 17635.294
4.4572864322 17656.801
4.4623115578 17678.309
4.4673366834 17699.816
4.472361809 17721.324
4.4773869347 17742.831
4.4824120603 17764.338
4.4874371859 17785.846
4.4924623116 17807.353
4.4974874372 17828.86
4.5025125628 17850.368
4.5075376884 17871.875
4.5125628141 17893.382
4.5175879397 17914.89
4.5226130653 17936.397
4.527638191 17957.904
4.5326633166 17979.412
4.5376884422 18000.919
4.5427135678 18022.426
4.5477386935 18043.934
4.5527638191 18065.441
4.5577889447 18086.949
4.5628140704 18108.456
4.567839196 18129.963
4.5728643216 18151.471
4.5778894472 18172.978
4.5829145729 18194.485
4.5879396985 18215.993
4.5929648241 18237.5
4.5979899497 18259.007
4.6030150754 18280.515
4.608040201 18302.022
4.6130653266 18323.529
4.6180904523 18345.037
4.6231155779 18366.544
4.6281407035 18388.051
4.6331658291 18409.559
4.6381909548 18431.066
4.6432160804 18452.574
4.648241206 18474.081
4.6532663317 18495.588
4.6582914573 18517.096
4.6633165829 18538.603

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4.6683417085 18560.11
4.6733668342 18581.618
4.6783919598 18603.125
4.6834170854 18624.632
4.6884422111 18646.14
4.6934673367 18667.647
4.6984924623 18689.154
4.7035175879 18710.662
4.7085427136 18732.169
4.7135678392 18753.676
4.7185929648 18775.184
4.7236180905 18796.691
4.7286432161 18818.199
4.7336683417 18839.706
4.7386934673 18861.213
4.743718593 18882.721
4.7487437186 18904.228
4.7537688442 18925.735
4.7587939698 18947.243
4.7638190955 18968.75
4.7688442211 18990.257
4.7738693467 19011.765
4.7788944724 19033.272
4.783919598 19054.779
4.7889447236 19076.287
4.7939698492 19097.794
4.7989949749 19119.301
4.8040201005 19140.809
4.8090452261 19162.316
4.8140703518 19183.824
4.8190954774 19205.331
4.824120603 19226.838
4.8291457286 19248.346
4.8341708543 19269.853
4.8391959799 19291.36
4.8442211055 19312.868
4.8492462312 19334.375
4.8542713568 19355.882
4.8592964824 19377.39
4.864321608 19398.897
4.8693467337 19420.404
4.8743718593 19441.912
4.8793969849 19463.419

Page 24
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4.8844221106 19484.926
4.8894472362 19506.434
4.8944723618 19527.941
4.8994974874 19549.449
4.9045226131 19570.956
4.9095477387 19592.463
4.9145728643 19613.971
4.9195979899 19635.478
4.9246231156 19656.985
4.9296482412 19678.493
4.9346733668 19700
4.9396984925 19721.507
4.9447236181 19743.015
4.9497487437 19764.522
4.9547738693 19786.029
4.959798995 19807.537
4.9648241206 19829.044
4.9698492462 19850.551
4.9748743719 19872.059
4.9798994975 19893.566
4.9849246231 19915.074
4.9899497487 19936.581
4.9949748744 19958.088
5 19979.596
5.0050251256 20001.103
5.0100502513 20022.61
5.0150753769 20044.118
5.0201005025 20065.625

Page 25
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Probability
0.03
0.05
0.07
0.09
0.11
0.15
0.18
0.14
0.08
0.05
0.03
0.02

concerned about the long-run average profit of this flight,

objective is to find the reservation policy (i.e., the number
ted reservations) that maximizes the long-run average profit.

Marty an interval estimate for the long-run average profit of

t under the current reservation policy.

200 sample size 10,000

$2,781 9,735
293.22327 #DIV/0!

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Model

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Page 49
 Piedmont
Piedmont Commuter
Commuter Airlines
Airlines
Given
Seats Available Seats Demanded
Ticket Price per Seat 14
Prob. of No-Show per Person 15
Cost of Bumping per Passenger 16
Decision Variable Reservations Accepted 25 17
18
Seats Demanded 19
Tickets Sold 20
Passengers to Board 21
22
Ticket Revenue 23
Cost of bumping 24
Marginal Profit 25
1
2 Marty is concerned about the
3 and her objective is to find the
4 of accepted reservations) tha
5
6 Provide Marty an interval esti
7 this flight under the current re
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
 70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
 Probability
0.03
0.05
0.07
0.09
0.11
0.15
0.18
0.14
0.08
0.05
0.03
0.02

concerned about the long-run average profit of this flight,

objective is to find the reservation policy (i.e., the number
ted reservations) that maximizes the long-run average profit.

Marty an interval estimate for the long-run average profit of

t under the current reservation policy.