Airline Revenue An airline has two classes of service: first class and coach. Management's experience has been that each aircraft should have at least 8 but no more than 16 first- class seats and at least 80 but no more than 120 coach seats
(a) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(b) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(c) If you were management, what would you do?
[Hint: Assume that the airline charges for a coach seat and for a first-class seat; .]
To solve: The given linear programming problem.
Answer to Problem 31AYU
Solution:
a. The revenue is maximized when the aircraft is configured with 10 First Class seats and 120 coach seats.
b. The revenue is maximized when the aircraft is configured with 15 First Class seats and 120 coach seats.
c. First Class Seats to Coach Seats does not exceed ratio.
Explanation of Solution
Given:
- Each aircraft should have at least 8 but not more than 16 first class seats.
- Each aircraft should have at least 80 by not more than 120 coach seats.
- is the charges for a coach seat and is the charges for First class seat such that and .
Calculation:
Begin by assigning symbols for the two variables.
be the number of First Class seats.
be the number of Coach seats.
If be the total revenue,
The goal is to maximize subject to certain constraints on . Because represents number of seats, the only meaningful values of are non-negative.
Therefore, .
Also from the given data we get,
a. If the ratio of first class to coach seats should not exceed , the following can be written or .
Therefore, the linear programming problem may be stated as,
Maximize, .
Subject to,
The graph of the constraints is illustrated in the figure below.
The corner points are as follows:
Corner points are | Value of objective function
|
Since , the revenue is maximized when the aircraft is configured with 10 First Class seats and 120 coach seats.
b. If the ratio of first class to coach seats should not exceed , the following can be written or .
Therefore, the linear programming problem may be stated as,
Maximize, .
Subject to,
The graph of the constraints is illustrated in the figure below.
The corner points are as follows:
Corner points are | Value of objective function
|
Since , the revenue is maximized when the aircraft is configured with 15 First Class seats and 120 coach seats.
c. If the ratio of first class seats to coach seats should not exceed , the total revenue is . If the ratio of first class seats to coach seats should not exceed , the total revenue is . Since , the revenue is maximized when First Class Seats to Coach Seats ration does not exceed ratio.
Chapter 11 Solutions
Precalculus
Additional Math Textbook Solutions
Calculus & Its Applications (14th Edition)
Calculus: Early Transcendentals (2nd Edition)
Single Variable Calculus: Early Transcendentals (2nd Edition) - Standalone book
University Calculus: Early Transcendentals (3rd Edition)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning