Table 10.17 shows projected demand for a peak summer weekend day at Timber Ridge Golf Course. Golfers
Question:
a. The standard price is $50 per round regardless of the tee time. Calculate the total demand for the day and the revenue for this pricing scheme.
b. Assuming Timber Ridge changes its pricing for the rounds to the scheme shown in the fourth column of Table 10.17, calculate the total demand for the day and the revenue for this adjusted pricing scheme.
Transcribed Image Text:
Demand (Rounds) for Standard Pricing Demand for Adjusted Pricing Tee Time Early Riser (before 8 a.m.) 10 35.00 Regular (8 a.m.-3 p.m.) 30 20 560.00 Early Twilight (3 p.m.-5 p.m.) 550.00 Twilight (after 5 p.m.) 14 $45.00
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Timber Ridge Golf aDemand 6 30 8 7 51 Revenue 51 50 2550 b...View the full answer
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Related Book For
Operations and Supply Chain Management for the 21st Century
ISBN: 978-1111225292
1st edition
Authors: Ken Boyer, Rohit Verma
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