Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

How to construct a payoff table in excel

20/04/2021 Client: muhammad11 Deadline: 2 Day

Scenario: You have been approached by a hotel owner who would like you to forecast expected payoffs for him. The hotel has 100 rooms, and they would like to maximize their revenue by selling as many as possible at full price, and selling the rest to travel brokers, such as Travelocity and Expedia, at a discounted price. The market rate for hotel rooms in their area is $279 per night. They feel that they can sell rooms for as little as $229 per night and still profit. Selling rooms for less than that would cause a financial loss. Every room left empty for a night reduces revenue, so they would rather discount some rooms than have them empty, but their preference is to sell as many rooms as they can at full price. Your task is to help the hotel owner find the best possible combination of full and discounted rooms in order to maximize hotel revenue. You will do this in Excel. Download the Expected Payoff Table.xlsx file from Course Documents. Tables for Expected Payoff and Opportunity Loss have been prepared for your use in that file.

Complete the following steps:

Fill in the Pricing Assumptions Table with the correct values from the scenario above.
Create formulas in the Expected Payoff Table to calculate the amount of revenue the hotel owner will expect to earn for each combination of full and discounted rooms. Ensure that you never calculate a revenue amount that would represent more than the sale of 100 hotel rooms, as he only has 100 rooms to sell each night. Use a color to highlight the cell in each column that represents the maximum amount of revenue for each combination of full price and discounted rooms.
Using the Likelihood percentages (row 8 in the spreadsheet), create formulas to calculate the Expected Payoff Calculations. Use a color to highlight the best expected payoff.
Calculate the Price of Perfect Information. This is the difference between the revenue generated by selling all rooms at full price (there is only a 2% likelihood of that), and the best expected payoff calculated in step 3 above.
Create formulas to complete the Opportunity Loss table. Opportunity loss is the difference between the best possible revenue and the actual revenue at each combination of full price and discounted rooms. Use a color to highlight the best (smallest) opportunity loss for each combination of full and discounted rooms.
Using the Likelihood percentages (row 8 in the spreadsheet), create formulas to calculate the Expected Opportunity Loss calculations. Use a color to highlight the best (smallest) expected opportunity loss.
In the conclusion area (cells R8 through U37 are merged for this), write an explanation of how your Expected Payoff Table will help the hotel owner. Identify one positive and one negative potential ethical issue the hotel owner will face in using this payoff table.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Pro Writer
Top Rated Expert
Homework Tutor
Engineering Mentor
Solution Provider
Engineering Help
Writer Writer Name Offer Chat
Pro Writer

ONLINE

Pro Writer

Give me a chance, i will do this with my best efforts

$21 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$49 Chat With Writer
Homework Tutor

ONLINE

Homework Tutor

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$30 Chat With Writer
Engineering Mentor

ONLINE

Engineering Mentor

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$50 Chat With Writer
Solution Provider

ONLINE

Solution Provider

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$50 Chat With Writer
Engineering Help

ONLINE

Engineering Help

I will cover all the points which you have mentioned in your project details.

$34 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

From wealth to power fareed zakaria pdf - Mystery of fortune macro guide - 3 7 dimethyl 4 nonyne - Computer games san francisco - IT 203 Information Technology for Management - Rubbish chute hire brisbane - Does rap stand for rhythm and poetry - Gen 103 week 2 assignment - Spirituality in nursing standing on holy ground pdf - Shadow health focused exam abdominal pain esther park - Bounce back education trish wisbey roth - How many inventory accounts does a manufacturer have - Which of williams' u.s. values is contradicts the other values of freedom, democracy, and equality? - Soapie for hypertension - Assignment - Cloud infrastructure architecture case study - Chapter 10 e commerce digital markets digital goods quiz - Expert grill turkey fryer timer bypass - How to freebase coke on foil - In the cutting of a drink by ama ata aidoo - It ethics - Lewis structure and molecular models lab answers - Emulsifying agent definition in pharmacy - Operation excellence - Analyze the history, structure, and process of health-care-policy and politics in nursing and the health care delivery systems in the United States. - Microsoft hyper-v nt kernel integration vsp code 37 - He was a boy just a boy monologue - Case study / 3~4 pages / need within 30 hours - Discusion - Preparation and distillation of cyclohexene - Discussion 10 - Eames plastic chair dimensions - Aqa a level geography grade boundaries - Reflection-C - The pendulum consists of a uniform disk with radius - Week 8 - Human resource quiz - Write the chemical equation for the ionic reaction between na2s and agno3 . - Financial statement analysis package fsap - Can you weld unistrut - William bagley philosophy of education - Concise guide to jazz - Coursera the power of macroeconomics - Selectively reflective and inconsistently fair describe which level of thinking - An olympic high jumper leaps over - Case Study - Corrupt political machines and social disorganization - Siemens scandal case study - Dissemination of EBP and research - Late submission penalty unimelb - Do crocodiles have opposable thumbs - Nationstate insurance case study - The field of finance primarily studies - Amazing race lesson plans - Critical Essay/discussion/draft/final paper - Clipsal switches and sockets catalogue pdf - Dylan fatone death farmingdale ny - Will all great neptune's ocean wash this blood analysis - Fixed-time period models are used when demand is variable - Charles darwin and natural selection worksheet answers - Find the value of each expression 9p3 - Single phase transformer schematic - Wgu c170 donut shop - Who wrote all my sons - To determine a pieceworker's regular hourly rate for one week: - Cyber crime trinidad number - Economists normally assume people's preferences should be - Monash law winter units 2021 - Case study - 503 Gender/Generational Supervision class - 2 - 6 valesini court caboolture - Romeo and juliet powerpoint notes - Lift thickness and number of passes - Radiometric dating game - Poems by gwendolyn brooks and emily dickinson - No health without mental health review - C++ program for lexical analysis in compiler design - Chemistry - Fronditha home care packages - Case Study - Vcaa physics data sheet - Tcd ie my zone - Building a house lesson plan - Types of training pdhpe - Bully bully song lyrics - Due Friday by 3pm - Discussion Post MAC, DAC, and RBAC - Analyzing moral issues by judith boss sixth edition pdf - Telemedicine in nursing ppt - Research Methods in Criminal Justice - Literature Review. - Bupa change of address form - Combining form for pulse - Separates financial information into time periods for reporting purposes - Where do bandicoots sleep - Bettini v gye case summary - Rhetorical Analysis - CL- module 6 - Ammonium hydroxide and silver nitrate chemical equation - Japanese restaurant business plan sample - DiscussionC 4