Cutie's Cruise Lines realized that they lose money every time they sail with even one empty cabin. The company VP of Operations has asked you, the company analyst, to calculate some metric to measure productivity for the last 5 sailings. Use the following data to determine your company's process yield as a percentage. Cabins Cabins Available Occupied Ship Anna 1940 Betty Charlie 1860 2083 1810 2150 1900 Don Eben 1930 1630 1310 1228 (Keep two decimal places in your answer)

Cutie's Cruise Lines realized that they lose money every time they sail with even one empty cabin. The company VP of Operations has asked you, the company analyst, to calculate some metric to measure productivity for the last 5 sailings. Use the following data to determine your company's process yield as a percentage. Cabins Cabins Available Occupied Ship Anna 1940 Betty Charlie 1860 2083 1810 2150 1900 Don Eben 1930 1630 1310 1228 (Keep two decimal places in your answer)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Q: Using the following information, forecast the rooms sales for the next three months for a 750-room…

A: Forecasting helps to minimize the business risk by predicting the aspects such as demand, weather…

Q: The Grand Bakery produces 60 special sourdough rolls every day. Any rolls that are not sold each day…

A: Forecasting is the process of prediction in which sales demand is estimated using historic…

Q: Use this data and build a model to forecast annual maintenance expenses based on the weekly usage in…

A: Given the data stated below, for this given data, I would use a linear trend regression forecast To…

Q: Fernley Company produces two different products with the following data for the most recent month:…

A: In this problem, we are given information about Fernley Company, which produces two different…

Q: Graph the data. (Use Excel) b. Compute seasonal indices using all the data. (Solve manually) а.

A: A seasonal index measures the values/changes of a particular season of a cycle compared to the…

Q: The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest…

A: YearMileage 13,05024050335004380053800

Q: What is the EBM, if total basic employment is 128,500 and total employment is 350.000? 20) What…

A: EBM stands for Employee Base Measure, which is a measure of the number of jobs that a business or an…

Q: T/F: Forecasting is a crucial part of operations management to anticipate future demand and plan…

A: Forecasting plays a pivotal role in operations management, serving as a cornerstone for businesses…

Q: choose: Any attribute of interest on which data are collected and analysed: 1. Statistics 2. ordinal…

A: The correct choice is: 1. Statistics In the context of the given options, "Statistics" refers to a…

Q: An analyst is using a 3-period moving average to forecast the number of widgets needed for the…

A: Since nothing was said about the weight of each period, let's assume all periods have the same…

Q: what is the formula for forecasting revenue in excel?

A: Forecasting is the process of predicting future data based on previous or past data and information.…

Q: Below is a table of data collected over a six-month period in a local grocery store. Construct a…

A: The percentage of total complaints is 38%.Explanation:Complaint Count =…

Q: An auditor used regression analysis to evaluate the relationship between utility costs and machine…

A: The algebraic representation of the regression lines is the Regression Equation. It uses the current…

Q: Using the table, what is the paid occupancy percentage for the month? Month November Rooms in 300…

A: Find the given details below:

Q: The number of internal disk drives (in millions) made at a plant in Taiwan during the past 5 years…

A: Simple linear regression is determined with following formula: Y = a+bx Slope b =…

Q: Which of the following smoothing constants would make an exponential smoothing forecast equivalent…

A: Exponential Smoothing is a time series forecasting method that assigns exponentially decreasing…

Q: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage…

A: Formula = Forecast for previous period+Smoothing constant(Actal usage- Forecast for previous period)…

Q: Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in…

A: Given data is

Q: What is the importtance of forecasting room availability and room revenue for Front Office Managers.

A: Forecasting is the technique to estimate/predicting future values using different approaches. In…

Q: QWE Inn has recorded the following number of rooms sold for the first quarter of the year:…

A: Given data; Actual data for Jan = 2100 Feb = 2500 March = 2550

Concept explainers

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.

Question

Cutie's Cruise Lines realized that they lose money every time they sail with even one empty cabin.
The company VP of Operations has asked you, the company analyst, to calculate some metric to
measure productivity for the last 5 sailings.
Use the following data to determine your company's process yield as a percentage.
Cabins Cabins
Ship
Available Occupied
Anna
1940
2150
1860
Betty
2083
Charlie
1900
1810
Don
1930
1630
Eben
1310
1228
(Keep two decimal places in your answer)
Your Answer:
Answer

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

A ski resort has recorded its recent sales as follows (in $$). Season 2 years ago Last year This year Spring 700 950 900 Summer 450 500 400 Fall 1,150 1,100 1,350 Winter 1,400 1,500 1,600 The resort estimated that the annual demand for the next year will be 4,800. What would be the forecast for next Fall? Answer: _______
Why forecasting is vital to operation management?
Residents in one housing development were asked a series of Residents in one housing development were asked a series of questions by their homeowners’ association. Identify the type of data for each question. a. Did you play golf during the last month on the development’s new golf course? b. How many times have you eaten at the country club restaurant during the last month? c. Do you own a camper? d. Rate the new security system for the development (very good, good, poor, or very poor). Residents in one housing development were asked a series of
An exponential smoothing is being used to forecast demand. Which of the following alpha value (or error weight) should be used if the demand is highly sensitive to the current events and external factors? a. 0.75 b. 0.05 c. -1.5 d. 0.0 e. 1.75