Case Study Of Overbooking

There are four types of egoism (ETHICAL EGOISM). The first is Psychological egoism and it is the view that humans are always motivated by self-interest. An example of this is …….. The second is Ethical egoism. This is when you should do something that is in your own self-interest. An example of this is performing a task for someone because you are getting paid to do it. Third is Individual ethical egoism. It states that everyone should act in their own best self-interest. An example of this is a policeman. He/she believes that they should do what is in their best interest just because of their role in society. Finally there is Universal ethical egoism. It states that everyone should always act in their own best self-interest, regardless of the interests of others, unless their interests

Believing in ethical egoism means that you’re classifying all humans in two groups; you and the rest of the world. You believe your values are better and are right compared to other people’s values. If you think your duty is to do what is best for yourself, and you do not care about others only if they benefit you, it can lead to many problems. You can use the example of a 60-year-old man shooting his letter carrier seven times because he was $90,000 in debt and thought that being in prison would be better than being homeless. This guy in making the decision to kill the letter carrier was thinking about himself. He was not thinking about the letter carrier, his family, etc. If you believe in ethical egoism, you would conclude that it was normal for the 60-year-old guy to do and you have to accept his

The ego is the part of the mind that represents consciousness. It employs reason, common sense, and the power to delay immediate responses to external stimuli (Storr). When making a decision, the ego balances out both needs of the id and the superego. In Freud’s own words, “It performs that task by gaining control over the demands of the instincts, by deciding whether they are to be allowed satisfaction, by postponing that satisfaction or suppressing their excitations entirely,” (Freud). Being a stereotypical earnest

There are two basic kinds of egoism, there is ethical egoism and there is psychological egoism. These two different forms of egoism are different because ethical egoism is the normative ethical position that what is moral is to be done in self-interest. This is different from psychological egoism which states specifically that people will only act in their own self-interest. Ethical egoism is broken up into two forms. There is act egoism and Rule egoism. Act egoism says

     Also, when a situation arises in which one must make a split decision, does the psychological egoist expect a human to deliberate whether the action is in their self-interest or not? For example, if I see my child run out onto a busy street and I can see that if I run out and grab her I can save her life and if I do not, my child will be squished by a speeding car. Do I, as the egoist would expect, take the time to deliberate that saving my child will result in all kinds of good for both her and I? No, I rush out and grab her in an instant and the good comes later. Now of course it is true that we sometimes get satisfaction and/or good feelings from acting unselfishly, but it would be a post hoc fallacy to say that we perform unselfish acts solely for the sake of that satisfaction. Also, self-interest and an interest for the welfare of others can certainly be bedfellows, and not strange ones. Using the shopkeeper example, he could opt never cheat his customers simply because he knows that honesty is good for business. He could cheat his customers and make a boatload of money, but he knows that it is wrong to cheat and lie to people – it hurts them, is unfair and may make him feel guilty. So, self-interest or selfishness is not

There are many different types of ethical egoism: Personal ethical egoism, Individual ethical egoism, Universal ethical egoism, Categorical egoism, and Hypothetical egoism. Personal ethical egoism is the belief that one should act for

“Egoism is the normative idea that each person ought to pursue his or her own self-interest exclusively” (Rachels 77). In other words, what makes one’s actions moral is if they are acting in their own self-interest only. It is the radical view that states that one’s only duty is to promote one’s own self-interest. This theory does not suggest that one should act in their own interest as well as others best interest, but, according to Rachels, there is only one principle to follow and that

Ethical Egoism is a normative claim; it believes that individuals should always in their best interest. Another view of ethical egoism is that a person should act according to his own self-interest even if it goes against the values and beliefs of others.

If she decides not to overbook 22 rooms, she might be missing 22*90 = $1,980 of revenue. Moreover, she might be losing an opportunity to establish a good relationship with the tour company, who may book steady numbers of 60 rooms on Saturdays in the future. This would generate additional profit, since we know from historical data that Saturdays are always under booked. Given a very low variable costs and marginal profit of 90$, it is a great opportunity for Snow to maximize profit during one of the slowest day of the week Saturdays (according to DOW indicator). However, she has to forecast demand for Saturday to make sure that she will have those rooms available. Denying a guest with reserved room can be very costly, especially for loyal customers and negatively reflect on hotel’s reputation.

Psychological egoism is the view that everyone always acts selfishly. It describes human nature as being wholly self-centered and self-motivated. Psychological egoism is different from ethical egoism in their “direction of fit” to the world. Psychological ego-ism is a factual theory. It aims to fit the world. In the world is not how psychological ego-ism says it is because someone acts unselfishly, then something is wrong with psycho-logical egoism. In my opinion this argument is completely wrong and unsound.

On the other hand, ethical egoism is a theory that prescribes moral obligation, where all people should be motivated out of self interest (Rachels, 2003, p. 70). This means that every person ought to act in a way that is best for him/herself. Ethical egoism claims that it is moral for all of an individual’s actions to be based on self-interest, without concerning him/herself with the interests of others. In fact, this thought may be continued by stating that altruism is, therefore, personally hindering and even demeaning (Brink, 1997, p. 122). Hence, ethical egoism must consequently mean that actions taken in an individual’s self-interest are moral actions, and actions taken that are not self-beneficial to an individual are immoral and should, as a result, be avoided.

Ethical egoism claims that all our actions can be reduced to self-interest. This is a controversial moral theory which sometimes can be detrimental. Without a well-defined framework of the nature of self-interest, ethical egoism enlarges the animalistic nature of humanity in which can result in unfavorable consequences. Ethical egoism also fails to provide a solution when a conflict of interest arises. By only acting out of one’s self

Thank you for notifying me about your concerns and experience at the Colonnade hotel. I’m sincerely sorry that this happened to your family.

At times, ethical egoism can benefit the larger group, as in a doctor in a rural town with free rent and a captive audience. The city provides the rent, the doctor the care, but all benefit.

However, there will also be several considerations that will take place in serving several segments. As different segments are on different purposes, they will have different needs, behaviors and expectations. For example, vacationers will tend to dress casually and are having relaxed time. However, business people will tend to dress formally and will always use their mobile phones and laptops in vacation environment. Hostile glances from different segments can lead to a stressful atmosphere. In regards to expenses, serving several segments will have higher administrative expenses, as different approach and promotion may be required for each segments. Planning, implementing and controlling multiple marketing programs will increase the company administrative expenses.