Case-1C
This entire case is about SkyJet Flight 97 which is likely to take flight from JFK to Salk Lake City that departs at 9:30 AM. There are a total of 146 passengers are used in the same aspect.
Optimal Protection LevelFor the optimal protection level, it is essential to suppose a specific level that should be the lowest level. If the revenue decreased from the same amount, then such criteria shall be rejected by the company. It is supposed that the optimal protection level is $ 10,000. It means that the company should not accept any revenue that found below from the same pricing level. There are many conditions in which the revenue of the company seems below than the optimal level which is $ 10,000. Hence, this particular aspect should have been managed properly. Hence, SkyJet should abrogate the idea while selecting the optimal protection level, which is lower than the level of $ 10,000.
Average Revenue
This particular factor of the research is about analysing the average revenue from the flights of SkyJet in a respective time period. It is required to apply the Descriptive Statistics formula for the same computation. The recognition of the revenue should be efficient and high. Descriptive Statistics is an important statistical measure that uses by many researches. This particular tool is essential for the long run significance and effectiveness. Mentioned below is the descriptive of the revenue
This particular table is quite essential and effective as far as analysing the result professionally. As can be seen that there are numerous elements that found in the descriptive statistics. The mean revenue in this particular scenario is $ 10,479, which is showing that the company is able to generate this particular amount from each of the customer on a daily basis in a specific time period. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the mean revenue positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity.
The standard deviation pertaining to revenue in this particular scenario is $ 240.41, which is showing that the revenue of the company is expected to change by the same amount. It means that the revenue has both rides, like it can increase by this amount for the revenue or decrease the same accordingly. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the mean standard deviation positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity.
The third element that designed and analysed in the same table is Median. The median revenue in this particular scenario is $ 9,928, which is showing that the company is able to generate this particular amount from each of the customer on a daily basis in a specific time period. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the mean revenue positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity, as it will increase their positioning accordingly. Moving to the value of Mode that found in the table. The mode revenue in this particular scenario is $ 9,490, which is showing that this particular figure of revenue occurs more than once in the entire scenario of the company in a specific time period. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the mean revenue positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity, as it will increase their positioning accordingly. There are two other sections as well deems favourable to include in the same analysis such as maximum and minimum amount of revenue.
Higher revenue and minimum revenue
The next element that designed and analysed in the same table is Maximum revenue. The maximum revenue in this particular scenario is $ 30,806, which is showing that the company is able to generate this particular amount from each of the customer on a daily basis in a specific time period. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the maximum revenue positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity, as it will increase their positioning accordingly. Finally, it is the minimum revenue that found in the table. The minimum revenue in this particular scenario is $ 2,628, which is showing that the company is able to generate this particular amount from each of the customer on a daily basis in a specific time period. This particular aspect is in the favour of the company through which they can easily manage their positioning in the market. Based on the minimum revenue positioning, it can be said that the company should maintain the aspect in the long run for their efficiency and productivity, as it will increase their positioning accordingly.
Completion of Table through Simulation
From the aforementioned table, it is clearly found that the protection level is expected to increase with each of the year passes. It was $ 9,000 in the first year of the operations, however it is expected to increase with the passing of time, especially in the year 5th year, as it will reach on a level of $ 10,000. The same increment is found in the connection or revenue, and mean fare.
Optimal LevelThe optimum level which is analysed in the same aspect is $ 10,000
The mean level of revenue is which is analysed in the same aspect is $ 10,479
This is differ, because it includes the 5th quarter value
Case 2B Acceptance or Rejection the Offer
There are four different cities which are analysing the revenue. The first one is Houston. From the analysis, it is clearly found that the addition of the same cities are of $ 432, which is essential for the companies. It is essential for the company to maintain the same aspect in the long run for their maintenance. The 2ndone is Chicago. From the analysis, it is clearly found that the addition of the same cities are of $ 667, which is essential for the companies. It is essential for the company to maintain the same aspect in the long run for their maintenance.The 3rdone is Miami. From the analysis, it is clearly found that the addition of the same cities are of $ 638, which is essential for the companies. It is essential for the company to maintain the same aspect in the long run for their maintenance.The last one is Phoenix. From the analysis, it is clearly found that the addition of the same cities are of $ 684, which is essential for the companies. It is essential for the company to maintain the same aspect in the long run for their maintenance.
1. SkyJet has selected three identical aircrafts. The best criteria to select the aircraft is to order the new aircraft for their development and effectiveness in the long run for their development and efficiency in the long run
2. The allocation of the routes should be based entirely upon the sizes of the aircrafts. The heavy and big size aircrafts should be managed for the long destinations and routes, while the small size aircrafts should be managed for the purpose of small routes and destinations
3. Based on the same information, SkyJet has the options to analyse the identical aircrafts and ask for the cheaper one. The banks should be managed professionally, and the company has to show their respective financial well-being for their efficiency and productivity in the long run scenario for their efficiency and betterment.
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