Hi Guys, please comment and let me know what you think about this Operations Research Open Course. Your feedback is really appreciated. If you enjoy the video, please subscribe and share. All my replies here are only related to the content in my own videos. I am afraid I won't be able to answer other questions. Thanks for your understanding.
Prof. Wang, aircraft have various have various classes of seat. Could you please explain to me how to calculate overbooking for these various classes of seats?
Dear Prof. Wang. thank you very much for sharing! Your explanations are great! I wonder if you could share, please, some methodology for safety stock as well. I could not prove Ballou´s formula on Wikipedia by using triangles, like you do. His formula is: safety stock = z * sqrt(µ𝐿∗σ𝐷^2+µ𝐷^2σ𝐿^2), en.wikipedia.org/wiki/Safety_stock. Then, shall the safety stock formula be for zero lead time and instant re-supply, how to come up with another formula considering the production rate R to use in the EPQ realm? I thank you in advance Professor :)
Hi Guys, please comment and let me know what you think about this Operations Research Open Course. Your feedback is really appreciated. If you enjoy the video, please subscribe and share. All my replies here are only related to the content in my own videos. I am afraid I won't be able to answer other questions. Thanks for your understanding.
Great channel, I'd love more about stochastic programming such as multi-stage SP and so forth. Can't find good explanations on YT.
were the overage and underage probabilities swapped (i.e: mislabeled)?
Prof. Wang, aircraft have various have various classes of seat. Could you please explain to me how to calculate overbooking for these various classes of seats?
Amazing channel my friend, congrats God bless you! +1 like +1 subscribed
thanks, lc
I dont agree with the unit overage cost
. shouldnt it be penalty-ticket price( 800-300) instead of just 800??
Dear Prof. Wang. thank you very much for sharing! Your explanations are great!
I wonder if you could share, please, some methodology for safety stock as well.
I could not prove Ballou´s formula on Wikipedia by using triangles, like you do. His formula is: safety stock = z * sqrt(µ𝐿∗σ𝐷^2+µ𝐷^2σ𝐿^2), en.wikipedia.org/wiki/Safety_stock.
Then, shall the safety stock formula be for zero lead time and instant re-supply, how to come up with another formula considering the production rate R to use in the EPQ realm?
I thank you in advance Professor :)