Discuss these ideas for the use of color and its impact in our own times, such as its effect for advertising and sales, or its impact in the workplace and home.
September 6, 2018Explain economic principles and their applications in the real world. • Summarize the different types of market structures and the role of government in economics.
September 6, 2018What 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
Use this article and at least three (3) others to answer the following questions in 5-7 pages:
1. Describe the change in Southwest Airlines boarding process.
2. What was Southwest’s main goal introducing the early-bird check-in?
3. 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.
- What is the outcome of the game involving early-bird check-in?
- Identify what is the passengers’ dominant strategy.
4. Analyze the advantages and disadvantages of the early-bird check-in process for Southwest Airlines.
5. 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.