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  • Revenue Management Questions

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    Alena Kravtsova
    11 views7 pages
    The document contains sales data from different days showing price, demand, sales, revenue, and occupancy. Total revenue for the week was $200 and $200,507 for a different week with individual daily prices. It discusses how changing prices daily could impact capacity limits. It also contains test results comparing two products and the potential monetary savings of using one product over the other. It suggests introducing the higher-saving product to market through a workshop with a client.

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    The document contains sales data from different days showing price, demand, sales, revenue, and occupancy. Total revenue for the week was $200 and $200,507 for a different week with individual daily prices. It discusses how changing prices daily could impact capacity limits. It also contains test results comparing two products and the potential monetary savings of using one product over the other. It suggests introducing the higher-saving product to market through a workshop with a client.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views7 pages

    Revenue Management Questions

    Uploaded by

    Alena Kravtsova
    The document contains sales data from different days showing price, demand, sales, revenue, and occupancy. Total revenue for the week was $200 and $200,507 for a different week with individual daily prices. It discusses how changing prices daily could impact capacity limits. It also contains test results comparing two products and the potential monetary savings of using one product over the other. It suggests introducing the higher-saving product to market through a workshop with a client.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    b price volume revenue

    day 1 650 0
    day2 0 900 0
    sum 1550
    <=
    400
    total revebue 0
    price demand
    day 1 650
    day 2
    day 3 0
    day 4
    day 5
    price demand sales revenue Occupancy
    Monday 10 375 10 100 535 <=
    Tuesday 10 525 0 535 <=
    Wednesday 10 600 0 535 <=
    Thursday 10 615 0 535 <=
    Friday 10 315 0 535 <=
    Saturday 10 225 10 100 1425 <=
    Sunday 10 255 0 1425 <=

    weekly 525 0
    weekend 900 0

    Total revenue 200

    price demand sales revenue Occupancy


    Monday 130 195 195 25350 373 <=
    Tuesday 180 270 270 48600 448 <=
    Wednesday 229 271.5 271 62059 450 <=
    Thursday 238 273 271 64498 450 <=
    Friday 0 330 6.75E-14 0 450 <=
    Saturday 0 240 0 0 450 <=
    Sunday 0 270 0 0 450 <=

    weekly 462 178.5 82467


    weekend 209 743.25 155339.25

    Total revenue 200507


    Capacity
    450 If I charge single price, I may not have enough cap
    450
    450
    450
    450
    450
    450

    Capacity What happens if I change individual price every d


    450
    450 Data - solver
    450
    450
    450
    450
    450
    e price, I may not have enough capacity for Sunday night.

    f I change individual price every day?


    Coleric Test Fazio test
    Asbestos CMI Driving rate
    Driving rate 150 180 feet Driving time
    Driving time 15,000 100 83.3333333 Change time
    Change time 400 4 min Change time
    Change time 106.6 83.4 hours Saving time
    Saving time 23.2

    Monetary saving
    Coleric Test Fazio test
    Time 5521.6 Time
    Asbestos pads 1000 Asbestos pads
    Total saving $ 6521.6 Total saving $
    CMI used 6 CMI used

    1086.93333

    To introduce the product to the market do a workshop with a client


    Asbestos CMI
    160 192 feet
    12000 75 62.5
    1000 4 min
    91.67 63.06 hours
    28.61

    6809.18
    2000
    8809.18
    5

    1761.836

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