This repository was archived by the owner on Aug 8, 2019. It is now read-only.

Documentation on how this group works

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Valeria Vassallo edited this page Jul 15, 2019 · 1 revision

Rules

This group uses Redux with hooks because we thought it'd be best for this project (the way to store and show data)
Images are being saved in /src/images/

Important info

Glossary:
- Overbooking: (in the case of airlines) Extra seats sold in order to achieve a 100% capacity after cancellations are made
- Underage Cost: Empty seats when the plane takes off
- Overbooking Cost: What you have to pay to those who didn't get to board the plane due to full capacity
- Total Revenue: Money you have after selling full capacity and overbooking
- Net Revenue: Money you have after cancellations are made
Value calculation:
- Critical Ratio: UnderageCost/(UnderageCost + OverbookingCost)
- Total Revenue: Full capacity * the cost per seat + the overbooking number (extra seats sold) * the cost per seat
- Net Revenue: Total Revenue - OverbookingCost - UnderageCost