In the allocation of capacity,overbooking is an attempt to reduce costs through better schedule management.

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Overbooking is a common practice in the airline industry where the airline sells more seats than the actual capacity of the plane, assuming that some passengers will not show up for their flights. This helps airlines maximize revenue and reduce the number of empty seats on flights. It is a strategy used to manage schedules and capacity more efficiently, reducing costs and increasing profitability. However, overbooking also has its risks, such as causing inconvenience and disappointment to passengers who have paid for their tickets but are unable to board their flights.

In the Allocation of Capacity,overbooking Is an Attempt to Reduce