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September 4, 2018Explain how Southwest Airlines used the game theory approach to increase its profits. What is the outcome of the game involving early-bird check-in? Identify what is the passengers’ dominant strategy.
The following article describes the unique boarding process used by the Southwest Airlines.
Presh Talwalkar (2015) Southwest Airlines boarding and game theory
(https://mindyourdecisions.com/blog/2013/03/05/southwest-airlines-boarding-and-game-theory/)
Use this article and at least three (3) others to answer the following questions in 6-7 pages:
- Describe the change in Southwest Airlines boarding process.
- What was Southwest’s main goal introducing the early-bird check-in?
- Explain how Southwest Airlines used the game theory approach to increase its profits.
- What is the outcome of the game involving early-bird check-in?
- Identify what is the passengers’ dominant strategy.
- Explain how Southwest Airlines used the game theory approach to increase its profits.
- What is the outcome of the game involving early-bird check-in?
- Identify what is the passengers’ dominant strategy.
- Determine why travelers face the Prisoner’s Dilemma with the early-bird check-in process.
- Analyze the advantages and disadvantages of the early-bird check-in process for Southwest Airlines.
- Suggest ways in which other companies, or the company you work for, can utilize similar game approach to maximize profits. Note: One of your references should help provide a rationale as to why this is a good approach for this company and needs to have been published within the last 6 months.
Your assignment must follow these formatting requirements:
- – Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
- – SafeAssign less than 25% matchv