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Posted: August 29th, 2022
Case study econ
The following article describes the unique boarding process used by the Southwest Airlines.
Presh Talwalkar (2015 – Research Paper Writing Help Service) 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. Write a page paper – 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.
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.
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