Two-Stage Stochastic Optimization in Excel: An Airline Yield Management Example скачать в хорошем качестве

Two-Stage Stochastic Optimization in Excel: An Airline Yield Management Example

Enjoyed this content & want to support my channel? You can get the spreadsheet I build in the video or buy me a coffee! Links below: Buy me a coffee: https://www.buymeacoffee.com/tallysyunes Buy complete spreadsheet: https://www.buymeacoffee.com/tallysyu... Buy me an item from my wish list: https://www.amazon.com/hz/wishlist/ls... Before watching this video, I highly recommend you watch the following two videos, if you haven't yet: Conceptual explanation about 2-stage optimization:    • Introduction to Two-Stage Stochastic Optim...  . First concrete example:    • Two-Stage Stochastic Optimization in Excel...  . An airline frequently flies a given leg between two large cities. Based on their historical data, they believe that demand for each seat class (first, business, and economy) can be in one of three scenarios (high, medium, or low) with corresponding probabilities. If the airline is considering buying a new airplane to fly this leg, what should the seat configuration on the plane be in order to maximize the average long-term revenue generated by ticket sales?