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.
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
