Typically the single biggest challenge of redeeming miles is finding saver level award space. If you've found it for your desired itinerary,woohoo, you're in luck!Perhaps that makes this the crème de la crème of first world mileage problems. But sometimes when there is availability, or the biggest challenge is actually deciding which miles to redeem.
As we've explained here on OMAAT in the past,miles aren't free, and each of them has some value. The value of your miles is somewhere between the acquisition cost of the miles and the retail value of what you redeem your miles for.
Many of us establish values for miles, and just so we beget general guidelines when it comes to redeeming them. The value of a specific mileage currency isn't scientific,both relatively and absolutely. There are some research companies which try to do studies on the value of miles, and they're nearly always inaccurate.
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Source: boardingarea.com