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Room Type Budget Budget-Plus Deluxe Туре 1 30 40 Type 2 25 35 45 The above table shows that Type 1 rooms are not available for the Deluxe renta class due to lack of some facilities. Since you took an optional course "Forecasting Methods" as a part of your c lan, you decided to conduct a demand forecast by rental class for each night in The demand forecast for a particular night found is 125 rentals in the Budget cla entals in the Budget-Plus, and 45 rentals in the Deluxe class. Currently the ho 5 Type 1 rooms and 115 Type 2 rooms.

Room Type Budget Budget-Plus Deluxe Туре 1 30 40 Type 2 25 35 45 The above table shows that Type 1 rooms are not available for the Deluxe renta class due to lack of some facilities. Since you took an optional course "Forecasting Methods" as a part of your c lan, you decided to conduct a demand forecast by rental class for each night in The demand forecast for a particular night found is 125 rentals in the Budget cla entals in the Budget-Plus, and 45 rentals in the Deluxe class. Currently the ho 5 Type 1 rooms and 115 Type 2 rooms.

Practical Management Science
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...
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Q1 (a) Looking at the Sensitivity table above explain briefly by answering if the demand by any of these the classes is not satisfied. (b) Write down how many bookings the hotel should accept in each rental class?
Mailings Review View Help Tell me whát you want to do Aa - 心 三,三、 新, AaBbCcDc AaBbCcDc AaB aly - A - I Normal 1 No Spac... Headi Paragraph Styl Question 1 You have been offered a job of Operations Manager at a local hotel in Al-Khoud and you are given the following problem with some questions. Your task is to find the answers to those questions to help the hotel management to make informed decisions and maximize total profit. Problem: A hotel in Al-Khoud provides two types of rooms with three rental classes: Budget, Budget-Plus, and Deluxe. The profit (in RO) per night for each type of room and rental room class is shown as follows: Rental Room Class Room Type Budget Budget-Plus Deluxe Type 1 30 40 Туре 2 25 35 45 The above table shows that Type 1 rooms are not available for the Deluxe rental room class due to lack of some facilities. Since you took an optional course “Forecasting Methods" as a part of your degree plan, you decided to conduct a demand forecast by rental class for each night in future. The demand forecast for a particular night found is 125 rentals in the Budget class, 55 rentals in the Budget-Plus, and 45 rentals in the Deluxe class. Currently the hotel has 95 Type 1 rooms and 115 Type 2 rooms. You decided to develop a linear programing based Excel model to help you to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types to maximize profit. You then solved the model using Solver tool and created following Sensitivity analysis Table 1. W
Transcribed Image Text:Mailings Review View Help Tell me whát you want to do Aa - 心 三,三、 新, AaBbCcDc AaBbCcDc AaB aly - A - I Normal 1 No Spac... Headi Paragraph Styl Question 1 You have been offered a job of Operations Manager at a local hotel in Al-Khoud and you are given the following problem with some questions. Your task is to find the answers to those questions to help the hotel management to make informed decisions and maximize total profit. Problem: A hotel in Al-Khoud provides two types of rooms with three rental classes: Budget, Budget-Plus, and Deluxe. The profit (in RO) per night for each type of room and rental room class is shown as follows: Rental Room Class Room Type Budget Budget-Plus Deluxe Type 1 30 40 Туре 2 25 35 45 The above table shows that Type 1 rooms are not available for the Deluxe rental room class due to lack of some facilities. Since you took an optional course “Forecasting Methods" as a part of your degree plan, you decided to conduct a demand forecast by rental class for each night in future. The demand forecast for a particular night found is 125 rentals in the Budget class, 55 rentals in the Budget-Plus, and 45 rentals in the Deluxe class. Currently the hotel has 95 Type 1 rooms and 115 Type 2 rooms. You decided to develop a linear programing based Excel model to help you to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types to maximize profit. You then solved the model using Solver tool and created following Sensitivity analysis Table 1. W
1 Normal 1 No Spac Paragraph Table 1: Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease SB$10 Solution: Budget Type 1 SC$10 Solution: Budget Type 2 $D$10 Solution: Budget-Plus Type 1 SE$10 Solution: Budget-Plus Type 2 SF$10 Solution: Deluxe 40 30 30 70 25 20 55 40 1E+30 35 1E+30 45 45 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease SGS5 Budget SGS6 Budget-Plus SGS7 Deluxe SG$8 Type 1 SGS9 Type 2 110 125 1E+30 15 55 10 55 40 15 45 20 45 70 15 95 30 95 15 40 115 25 115 15 70 Now using the information in Table 1 above answer the following questions from a-f. X目 直 C
Transcribed Image Text:1 Normal 1 No Spac Paragraph Table 1: Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease SB$10 Solution: Budget Type 1 SC$10 Solution: Budget Type 2 $D$10 Solution: Budget-Plus Type 1 SE$10 Solution: Budget-Plus Type 2 SF$10 Solution: Deluxe 40 30 30 70 25 20 55 40 1E+30 35 1E+30 45 45 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease SGS5 Budget SGS6 Budget-Plus SGS7 Deluxe SG$8 Type 1 SGS9 Type 2 110 125 1E+30 15 55 10 55 40 15 45 20 45 70 15 95 30 95 15 40 115 25 115 15 70 Now using the information in Table 1 above answer the following questions from a-f. X目 直 C
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