Tuesday, August 24, 2010

Why ∏A = gUG + min(k-g, (1-g)(1-r)) equals low airline fares

t is a question that anyone booking a holiday or business trip will have asked themselves countless times: exactly when is the best time to buy an advance plane ticket to fly at the cheapest price?

Leave it too late and prices shoot up, and there is a danger the flight will be fully booked. But book too early and you run the risk that plans may change and you will be out of pocket if you don't travel or have to alter the flight.

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