Overbooking: The Optimal Authorisation Level
This lesson is part of the course
In this lesson
You set the overbooking level for flight 214 from the costs of empty seats and denied boardings, then check the risk and the expected cost with the binomial distribution.
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Lessons in this course
- Load Factor, Yield, RASK, CASK and the Break-even Load Factor Locked
- Fare Classes, Booking Limits and Littlewood's Rule Locked
- EMSR-b: Protection Levels for Many Fare Classes Locked
- Forecasting Cancellations and No-shows Locked
- Overbooking: The Optimal Authorisation Level Locked
- Booking Curves and Pickup Forecasts Locked
- Route Profitability and Network Contribution Locked
- Ancillary Revenue per Passenger and Dynamic Price Scenarios Locked