10-5 - Judith's Limousine Service Data Table Calculations...

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Judith's Limousine Service Data Table Calculations set to Manual. Press F9 to recalculate. Judith's reservation limit 14 Van's passenger capacity = 10 Reservation Exist? Show up? Run Profit Occ rate Reservations requested 7 Minimum reservation request = 7 1 1 1 1 $220 80.0% Reservations accepted 7 Maximum reservation request = 14 2 1 1 2 $220 80.0% Number show up 6 Probability person shows up 0.80 3 1 1 3 $220 80.0% Number overbook 0 Reservation deposit amount = $10 4 1 1 4 $220 80.0% Seats remaining 4 Balance of ticket price = $25 5 1 1 5 $220 80.0% Number walk-up 2 Walk-up ticket price = $50 6 1 1 6 $220 80.0% Walk-up accepted 2 Cost per overbooked person = $75 7 1 0 7 $220 80.0% Total seats occupied 8 Fixed cost per trip = $100 8 0 0 8 $220 80.0% Revenue $320 9 0 0 9 $220 80.0% Cost $100 Walk-up Distribution 10 0 0 10 $220 80.0% Profit $220 Number Probability RN intvl LL RN intvl UL 11 0 0 11 $220 80.0% Occupancy rate 80.0% 0 0.30 0.00 0.30 12 0 0 12 $220 80.0% 1 0.45 0.30 0.75 13 0 0 13 $220 80.0% 2 0.25 0.75 1.00
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10-5 - Judith's Limousine Service Data Table Calculations...

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