Assignment:
The Small Business Practice of a large consulting firm is looking for places for its next annual meeting.
It has identified five possible hotels in downtown San Francisco. The main two attributes that matter to SBP are the average room price (lower is better) and the service quality score (SQS), which is measured on a scale of 0-100, the higher the score, the better. The data for the five hotels is as follows.
Hotel Avg Rm Price SQS
A 163 67
B 168 84
C 162 86
D 155 79
E 167 100
a. Which hotels are on the efficient frontier?
b. Which hotel(s) are dominated by at least one other hotel?