Real-Life Math
Hooray! The carpenters just put the finishing touches on the new
baseball stadium in your town. The team and stadium owner are excited
that the building is ready to host its first game.
You are the operations
research analyst helping the owner decide how much to charge for each of the
seats.
The stadium holds 30,000 people. When it's full, the owner
wants to earn a total of $560,000 from the blue section, which has 7,000 seats.
She wants to earn $600,000 from the red section, which has 10,000 seats. She
wants to earn $390,000 from the remaining seats, which are in the yellow section.
"Operations
research is math," says Ross Darrow. He is an operations research analyst
in Texas. "What we do is make mathematical models that help in the science
of decision making."
What price do you recommend charging for an individual
seat in the blue, the red and the yellow section?