Question: A service office has problems with client appointments that do not arrive on time, leading to business losses. Thus. The owner has decided to install

A service office has problems with client appointments that do not arrive on time, leading to business losses. Thus. The owner has decided to install an overbooking policy. According to history, the probability of the number of people who do not come to the appointment are as follows

No shows	0	1	2	3	4
Porciento	30	20	25	15	10

The costs associated with each missed appointment are $ 100, while the lost profit for unused appointment space is $ 65. Indicate how much overbook the business quotes them.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A service office has problems with appointments of clients who do not have time, which generates losses for the business. Thus. The owner has decided to install an overbooking policy. According to...

Submitted to Management Science manuscript MS-0001-1922.65 Authors are encouraged to submit new papers to INFORMS journals by means of a style file template, which includes the journal title....

Case Study: Read & Answer Harvest City Case Questions Evaluate the implementation of the Harvest City intelligent procurement system. What do you believe were the key factors that contributed to the...

rumal of Information Technology Teaching Cases 2011 CNC Mac 2016/1 Teaching case From theme park to resort: customer information management at Port Aventura Mariano A Hervs, Joan Rodon, Marc Planell,...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

I meed help with a few of these questions I need help with the issues for discussion problems Bridgestone Behavioral Health Center: Cost-Volume-Profit (CVP) Analysis for Planning and Control A....

Conducting successful international sport business requires sound and ethical decision making. Leading sport businesses realize that managers face many different situations that may require them to...

Final Submission: Memorandum With Appendix In Module Nine, you will complete all necessary tax forms according to Section III of the critical elements. You will then submit a comprehensive memorandum...

Read this article and Answer the following questions: Timberjack Parts: Packaged Software Selection Project On the morning of December 15, 1995, Jim Utting, general manager?Parts at Timberjack Corp....

Case study: Remedy Physiotherapy. I need help in drafting a marketing plan Names of people and businesses are disguised. Some aspects of the local area and the physiotherapy industry are simplified...

KMJ has $7 million in after-tax earnings, 2 million shares outstanding each priced at $24. KMJ is considering acquiring XLT. XLT has $1.7 million in after-tax earnings, 1.1 million shares outstanding...

Calculate the shortest wavelength of visible light (in nanometers) seen in the spectrum of the hydrogen atom. What are the principal quantum numbers for the levels in this transition? Does Figure...

1 Multiple Choice 1 point What are the two broad categories of auditing? Compliance and performance audits External and internal audits Financial and operational audits Substantive and control audits

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...