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MBAG-205
Abhinandan.com
The best stop for your best memories
Events P(Events)
marriage 0.35
birthdays 0.3
college 0.35
events
The revenue generation from the individual events happens on a probability basis to begin
with. As and when the firm gains its experience, it shall be able to assess its revenue streams
better. Each event shall be broken into different parts based on the service providers
availed. Then each service providers contribution shall be broken down based on the per
unit of service availed vis--vis the number of people expected. In this table the probabilities
shall be assigned at the initial stages to each possibility of occurrence and then multiplied to
find the expected value of the revenue to be generated.
Source: Wedding
Catering Costs
Cost/plate 250 500 750 1000 No. of People
250 0.025 0.03 0.03 0.03
500 0.01 0.08 0.04 0.03
750 0.02 0.09 0.06 0.03
1000 0.04 0.1 0.04 0.02
1250 0.05 0.06 0.03 0.02
1500 0.05 0.02 0.03 0.01
2000 0.015 0.01 0.02 0.01
0.21 0.39 0.25 0.15
1562.5 3750 5625 7500
1250 20000 15000 15000
3750 33750 33750 22500
10000 50000 30000 20000
15625 37500 28125 25000
18750 15000 33750 15000
7500 10000 30000 20000
58437.5 170000 176250 125000 529687.5
In this way the exercise shall be repeated for all the sources of activity. This shall be the
source of expected revenue for the service provider. Then, based on the number of vendors
in each location, the commissions shall be multiplied to each of the revenue of the vendor
to estimate the revenue for the firm.