Plane Capacity 112

Discounted Ticket Fare INR 3,000.00

Full price fare INR 12,000.00

No show rate for discounted tickets 0.05
No show rate for refundable full price tickets 0.15
Cost for bumping a passenger INR 15,000.00
Fixed operations cost INR 30,000.00
 Upper Limit Lower Limit Most Likely Assumption Cell
Demand for Discounted tickets
(using triangular distribution) 150 50 90 0

Demand for Full Price tickets

(using discrete continuous
distribution) 70 30 - 0

Maximum discounted tickets 75

Maximum full fare tickets 45
Simulated Profit Simulated Demand

0 0.00

0.00

Mean 886,842.39
Standard Deviation 155,395.95
Minimum 531,322.35
Maximum 1,259,186.98
Forecast Name Simulated Profit
Variance 24,147,901,401.35
Mean 96.57
Standard Deviation 20.15
Variance 405.86
Minimum 51.51
Maximum 148.47
Forecast Name Simulated Demand
Mean 49.76
Standard Deviation 12.03
Variance 144.68
Minimum 30.00
Maximum 70.00
Forecast Name Simulated Demand
 To do the analysis, triangular distribution was used
for the discounted price tickets and discrete uniform
distribution was used for the fixed price tickets. After
that the simulation was run
No. of Discounted tickets sold 75.00
No. of Full Price tickets sold 45.00
No. of seats filled 112.00
No. of Passengers bumped 8.00
Profits INR 615,000.00
Maximum no. of discounted tickets 90
Maximum no. of total tickets 132
Maximum Profit 516900
 Maximum no. of discounted tickets (50.00)

Maximum no. of discounted tickets (60.00)

Maximum no. of discounted tickets (70.00)

Maximum no. of discounted tickets (80.00)

Maximum no. of discounted tickets (90.00)

Maximum no. of total tickets (112.00) 921,900.00 833,400.00 744,900.00 656,400.00 567,900.00
Maximum no. of total tickets (117.00) 909,150.00 820,650.00 732,150.00 643,650.00 555,150.00
Maximum no. of total tickets (122.00) 896,400.00 807,900.00 719,400.00 630,900.00 542,400.00
Maximum no. of total tickets (127.00) 883,650.00 795,150.00 706,650.00 618,150.00 529,650.00
Maximum no. of total tickets (132.00) 870,900.00 782,400.00 693,900.00 605,400.00 516,900.00
1 2 3 4 5
1
2
3
4
5
To do this question, the decision variables were set for discounted ticket sales and the total ticket sales as specified
in the question. After that, decision table analysis tool was used to obtain the mean values

Maximum no. of discounted tickets (50.00)

Maximum no. of discounted tickets (60.00)

Maximum no. of discounted tickets (70.00)

Maximum no. of discounted tickets (80.00)

Maximum no. of discounted tickets (90.00)

Maximum no. of total tickets (112.00) 921,900.00 833,400.00 744,900.00 656,400.00 567,900.00
Maximum no. of total tickets (117.00) 909,150.00 820,650.00 732,150.00 643,650.00 555,150.00
Maximum no. of total tickets (122.00) 896,400.00 807,900.00 719,400.00 630,900.00 542,400.00
Maximum no. of total tickets (127.00) 883,650.00 795,150.00 706,650.00 618,150.00 529,650.00
Maximum no. of total tickets (132.00) 870,900.00 782,400.00 693,900.00 605,400.00 516,900.00
1 2 3 4 5
cket sales as specified
an values

1
2
3
4
5
Maximum no. of discounted tickets 50 50
Maximum no. of full price tickets 70 70
Maximum no. of total tickets

Maximum Profit (Maximum total tickets) INR 901,500.00 INR 901,500.00

In the calculations sheet 3, scenario analysis has been done for profit maximization and desired results
have been obtained
The maximum profit is 901500 with total no of tickets up for sales equal to 120.00