Use the table below to answer the following question(s).
Below is a spreadsheet for a hotel overbooking model.

Answer the following question(s)using multiple parameterized simulations.The range of the historical data is 400-430.
-Which of the following is the best number of reservations to accept?
A)400
B)410
C)420
D)430

Question

Use the table below to answer the following question(s).
Below is a spreadsheet for a hotel overbooking model.
  
Answer the following question(s)using multiple parameterized simulations.The range of the historical data is 400-430.
-Which of the following is the best number of reservations to accept?
A)400 
B)410 
C)420 
D)430

Quizplus · Accepted Answer

Based on the simulation results, the hotel maximizes their profit with 420 reservations. This ensures a minimal number of overbooked rooms while still allowing for potential cancellations or no-shows. Accepting 430 reservations results in a higher risk of overbooking, while accepting 400 or 410 reservations leaves potential revenue on the table.

Use the Table Below to Answer the Following Question(s)