International Journal of Statistics and Applied Mathematics
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2023, Vol. 8, Issue 3, Part A

Revenue generating model for transportation companies


Author(s): Izevbizua O and Igbinosun LI

Abstract: This work considers the seats on airplanes, trains, buses and cars as non-regular fixed lifetime inventories and developed a revenue generating function for each trip embarked upon by any of these means of transportation. Numerical examples on the use of the revenue generating function was also discussed.

DOI: 10.22271/maths.2023.v8.i3a.974

Pages: 22-25 | Views: 245 | Downloads: 15

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International Journal of Statistics and Applied Mathematics
How to cite this article:
Izevbizua O, Igbinosun LI. Revenue generating model for transportation companies. Int J Stat Appl Math 2023;8(3):22-25. DOI: 10.22271/maths.2023.v8.i3a.974

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International Journal of Statistics and Applied Mathematics