Originally Posted by
findark
I actually think that many of the individual benefit valuations are not completely ridiculous; the conceit is that it's extremely rare for a single elite to need to use every single benefit to the maximum in each year.
The biggest issue I have is with the notion that there is some universal, objective valuation of a given status level.
Many of the benefits are impossible to value objectively. And while there are methods to place a value on upgrade certificates, including market value from ebay and delta between fare purchased and cheapest available fare in upgraded cabin, the different approaches lead to widely divergent values, highlighting the impossibility of providing a one-size-fits-all valuation.