Fuel Prices

[dbd]

So how do you propose fuel prices be figured?

[emm1366]

Quite hard for me to explain this in english (Please, learn Spanish quickly dbd):

Every week the system puts a random number between 1,5 and 3,0 and then the system finds an increasing or decreasing fuel price according to the flights made that day. The number of possible flights is calculated according to the demand on that airport then you find the percentage. Of course the number found from that percentage is supposed to be adjusted the next day.

Example:

Today the fuel cost is 1,7
It is supposed to deliver 1000 passengers that day according to the demand.
At the end of the day it was delivered 700 passengers.
The number found is 70%
1,7 x 70% = 1,19
1 - 1,19 = -0,19 (To find the bigger number)
1,7+(-0,19) = 1,51

The fuel price decreases that day because of the good demand.

If you use this formula with 30% of passengers the result is 2,19. The fuel price increases that day because of the bad demand.

(It is easier to say this that to do this je je...)

[dbd]

That's actually really simple. I like it.

[skifans]

Looks good (and don't worry emm, is perfectly understandable), could you not though simplify the last to lines to; (1-1.19)+1.7? With 1.19 being the result from the previous equation and 1.7 being the fuel cost. I'll still have a go at coming up with something when I get home later today but I'm not sure if I can do better.

[skifans]

I tried a few and came up with is y=(1/(x/365/1000))+1 (x is passengers per year, y is fuel price). However, I feel that Emm's is better.

[americarocks]

Fuel would be cheap in the Mid East