ECO 550

CASE STUDY: USE OF GAME THEORY TO MAXIMIZE PROFITS Due Week 7 and desert 250 points. The forthcoming period describes the matchless investment order used by the Southwest Airlines. Presh Talwalkar (2015) Southwest Airlines investment and recreation hypothesis Use this period and at meanest three (3) others to defense the forthcoming questions in 5-7 pages: Describe the exexchange in Southwest Airlines investment order. What was Southwest’s deep goal in introducing the early-bird check-in? Explain how Southwest Airlines used the recreation hypothesis access to acception its receipts. What is the upshot of the recreation involving early-bird check-in? Identify what is the passengers’ dominant diplomacy. Determine why travelers countenance the Prisoner’s Dilemma after a while the early-bird check-in order. Analyze the advantages and disadvantages of the early-bird check-in order for Southwest Airlines. Suggest ways in which other companies, or the order you labor for, can economize homogeneous recreation accesses to maximize receipts. Note: One of your allusions should aid produce a rationale as to why this is a cheerful access for this order and needs to enjoy been published after a whilein the definite 6 months. Your assignment must supervene these formatting requirements: Be typed, enfold spaced, using Times New Roman font (dimension 12), after a while one-inch margins on all sides; citations and allusions must supervene APA or school-specific format. Check after a while your confessor for any additional instructions. Include a overspread page containing the indicate of the assignment, the student’s indicate, the confessor’s indicate, the progress indicate, and the conclusion. The overspread page and the allusion page are not included in the required assignment page diffusiveness.