Originally Posted by
apeortdz
Curious as to how you came up with your $0.0171 valuation.
Usually just based on what I am likely to use them on next but the formula remains the same
=(normal ticket price - award fees - (miles earned * miles value))/ award miles)
In my case, my next trip is likely to just be a typical domestic coach award.
=(500-30-(2200*0.018))/25000
The tough part is valuing those nice long-haul International biz awards, which I usually just assign a value equal to the normal coach price plus a small premium of what I would consider actually paying for upgrading the entire ticket to Biz at the gate (usually around $500...something they would never offer, but I am cheap and not wealthy).