Revenue Management (Aggregate Planning) (2 points) Note: Any wrong answer will deduct one point of your grade) You work as a consultant; the Hilton hotel is planning to sell the rooms with one price set. However, as a consultant, you are planning to check if two price sets strategy is better than one price set. Given the data below, calculate the net profit for one price set, and two prices set and decide which option is better for Hilton Hilton Hotel has 800 rooms Their attended plan is to sell the room with $2,000 during the $2,000 per room per night EID days the variable cost of the room being occupied is $50 per room With this price ($2000) they expect to sell 500 rooms per day 500 rooms per night Net profit per day per day $ 1,500 per room per night 1st price per room (for early bird customer booking) is $1500 600 rooms Expecting number of rooms to be sold with $1500 room price is 2nd price per room (for late customer booking) is $2200 Expected number of rooms to be sold with $2200 price is Net profit per day $2,200 per room per night 200 rooms per night per day Revenue management techniques can be used in the following business hotels, airlines, restaurants, and events) In real life, if you face this problem, will you be able to solve it (No grade on this question)