
(a)
Interpretation:
It is required to determine the two future states of nature the A Hotel faces.
Concept Introduction:
In many countries, hotels have evolved as extensions of the domestic hospital. The nature of the product in the hotel industry also determines that most units will be a small major objective in the face of opposition.
(a)

Explanation of Solution
Given information:
The A Hotel has the
The two future states of nature A Hotel are as follows:
- All those customers who have reservations shown up and the 56 rooms are occupied then there are no dissatisfied customers.
- But the one customer who has the reservations will show up the resulting in 55 rooms are being occupied. And the one-room is vacant, thus, there are no dissatisfied customers.
(b)
Interpretation:
The expected value of accepting the exactly
Concept Introduction:
In many countries, hotels have evolved as extensions of the domestic hospital. The nature of the product in the hotel industry also determines that most units will be a small major objective in the face of opposition.
(b)

Explanation of Solution
Given information:
The A Hotel has the
It is given that the probability
Calculate the expected value of the profits of accepting exactly
Thus, the expected value of accepting the exactly
(c)
Interpretation:
The expected value of accepting the exactly
Concept Introduction:
In many countries, hotels have evolved as extensions of the domestic hospital. The nature of the product in the hotel industry also determines that most units will be a small major objective in the face of opposition.
(c)

Explanation of Solution
Given information:
The A Hotel has the
There is a
It is given that the probability
The probability
Calculate the expected value of the profits of accepting exactly
Thus, the expected value of accepting the exactly
(d)
Interpretation:
It is required to determine that A Hotel will say yes or no, if the A Hotel already has
Concept Introduction:
In many countries, hotels have evolved as extensions of the domestic hospital. The nature of the product in the hotel industry also determines that most units will be a small major objective in the face of opposition.
(d)

Explanation of Solution
Given information:
The A Hotel has the
The A Hotel should accept for the following reasons:
The expected value
Therefore, the A Hotel will say yes to the new customer.
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Chapter 15 Solutions
Practical Operations Management
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