Double Tree Hilton is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Rental Class Super Saver Deluxe Business Room Type I $30 $35 $50 Type II $20 $30 $40 Double Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. (These demands are the maximum numbers to accept for each rental class. The actual reservation may be less.) Double Tree has 100 Type I rooms and 130 Type II rooms. 1. Question text How many decision variables are there in your model? What is the maximum profits($)? What is the number of reservations accepted in super saver for Type II rooms?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Double Tree Hilton is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:
|
Rental Class |
||||
|
Super Saver |
Deluxe |
Business |
||
|
|
Type I |
$30 |
$35 |
$50 |
|
Type II |
$20 |
$30 |
$40 |
Double Tree's management makes a
The demand forecast for a particular night is 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. (These demands are the maximum numbers to accept for each rental class. The actual reservation may be less.) Double Tree has 100 Type I rooms and 130 Type II rooms.
1.
Question text
- How many decision variables are there in your model?
- What is the maximum profits($)?
- What is the number of reservations accepted in super saver for Type II rooms?
- Which rental class is not satisfied?
- super saver
- business
- All classes are satisfied.
- deluxe
- More than one class are not satisfied.
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