Business, 24.02.2020 22:45 stefan19367
Koehler Vision Associates (KVA) specializes in laser-assisted corrective eye surgery. Prospective patients make appointments for prescreening exams to determine their candidacy for the surgery. If they qualify, a $250 charge is applied as a deposit for the actual procedure. The weekly demand is 150, and about 12% of prospective patients fail to show up or cancel their exam at the last minute. Patients who do not show up are refunded the prescreening fee less a $25 processing fee. KVA can handle 125 patients per week and is considering overbooking its appointments to reduce the lost revenue associated with cancellations. However, any patient who is overbooked may spread unfavorable comments about the company; thus, the overbooking cost is estimated to be $125. Develop a spreadsheet model for calculating net revenue. Use data tables to study how revenue is affected by changes in the number of appointments accepted and patient demand.
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Koehler Vision Associates (KVA) specializes in laser-assisted corrective eye surgery. Prospective pa...
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