Revenue management: A Quick One flight leg Flight 105, LGA-ORD, 287 seats available Two fare classes Y: High fare, no restrictions M: Low fare, many restrictions · Demand for Flight105 Y class: 95 with an average fare of $400 M class: 225 with an average fare of $100 Optimal Spill Solution(Y and 3M passengers) Revenue s9500+1/11 spill: s 5100 2/212021 Barnhart 1.206J/16.77J/ES D 2 15J2/21/2021 Barnhart 1.206J/16.77J/ESD.215J 8 Revenue Management: A Quick Look • One flight leg – Flight 105, LGA-ORD, 287 seats available • Two fare classes: – Y: High fare, no restrictions – M: Low fare, many restrictions • Demand for Flight 105 – Y class: 95 with an average fare of $400 – M class: 225 with an average fare of $100 – Optimal Spill Solution ( Y and M passengers) • Revenue: $ • Spill: $