The design of the next hotel in our chain will depend on maximizing the revenue for onenight while meeting certain market realities. Three types of rooms will be offered (suite,kitchenette, and standard). The various rates and range for the number of rooms are givenbelowYour answer will be the number of Standard rooms in the new hotel.Use Scenario 4.Suite - maxSuite - minKitchenette - maxKitchenette - minStandard - maxStandard - minMax number of total roomsRevenue per SuiteRevenue per KitchenetteRevenue per StandardScenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 541218252426012664000420808015540607014040959915565$140$135$149$119$119$139$89$89$1091105604055$135$109$89$119$109$85

Here, we would use scenario 4. We want to know how many number of rooms should be there in each…

Answered: The design of the next hotel in our…

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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Net present value-unequal lives Dakota Mining Company has two competing proposals: a diamond core drill or a hydraulic excavator. Both pieces of equipment have an initial investment of $552,146. The net cash flows estimated for the two proposals are as follo Net Cash Flow Net Cash Flow Hydraulic Excavator $210,000 Year Diamond Core Drill 1 $168,000 2 150,000 195,000 3 150,000 180,000 4 119,000 185,000 5 91,000 6 76,000 66,000 66,000 The estimated residual value of the diamond core drill at the end of Year 4 is $210,000. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 10 0.558 0.386 0.361 0.322 0.284 0.194 0.247 0.162 Determine which equipment should be favored, comparing the net present values of the two…
The developer team has added a new page to a bank web site for registration to TOEFL exams. If they can achieve > 65% population task completion rate for the TOEFL registration task, they will go live with the new web page. They perform user test with 20 participants and 18 of them can complete the registration task. Suppose you are the bank manager Would you use the new web page?
Mercy Ships deploys hospital ships to combat several overwhelming statistics. The first statistic is that over 5 billion people lack access to safe surgery. The second key stats is over 50 percent of the world's population lives near a coast, so Mercy Ships are the best way to reach them with state-of-the-art medical care. Typical surgeries include cleft lips and palates, facial tumors, dental surgery, sight corrections, and clubfoot and orthopedic surgeries. Ship crews, nurses, and medical professionals volunteer their time to help children and adults from their devastating medical conditions. Two private hospital ships in their fleet are the Global Mercy and the Africa Mercy. Given that the Africa Mercy ship will visit five seaports (jobs) located close to one another with the processing time and due date estimates provided in the table below, how would you sequence (route) the ships to each job/location-in numerical order, shortest processing time, or earliest due date rules?…
Give example of an innovation in the hotel industry that improved the efficiency of a product/service.
Define Service Blueprinting?
A manager must decide between two machines. The manager will take into account each machine's operating costs and initial costs, and its breakdown and repair times. Machine A has a projected average operating time of 140 hours and a projected average repair time of 7 hours. Projected times for machine B are an average operating time of 70 hours and a repair time of 6 hours. What are the projected availabilities of each machine? (Round your answer to 3 decimal places). I don't want the answer. I just want to know HOW to do it.
Answer for type B
Identify a business operation to which you have access to information and operation to observe the physical space of the business. You can choose area of service such as clinic, restaurant, café, a specific department of a hospital/school or any other relevant business or service setting. Collect information about the capacity of service. Additionally, obtain the average number of customers obtained service for the past 6 months (each month separately). The word limit for this assignment shall be 2500 words. And the assignment shall include the following: Analyze and evaluate literature of capacity management and explain different capacity strategies and capacity constraints. Analyze and evaluate literature on demand management and explain demand management strategies. Also address the changing nature of the market demand for products or services Based on the information you have collected from the organization; discuss about the capacity and demand management strategies they are…
What is the future value of $50,000.00 invested this year @ 5%, for 15 years?
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