Question
In: Math
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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 |
$38 |
$43 |
— |
|
|
Type II |
$16 |
$28 |
$45 |
|
Type I rooms do not have wireless Internet access and are not available for the Business rental class.
Round 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 140 rentals in the Super Saver class, 50 rentals in the Deluxe class, and 40 rentals in the Business class. Round Tree has 110 Type I rooms and 110 Type II rooms.
- Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.
|
Variable |
# of reservations |
|
SuperSaver rentals allocated to room type I |
|
|
SuperSaver rentals allocated to room type II |
|
|
Deluxe rentals allocated to room type I |
|
|
Deluxe rentals allocated to room type II |
|
|
Business rentals allocated to room type II |
- How many reservations can be accommodated in each rental class?
|
Rental Class |
# of reservations |
|
SuperSaver |
|
|
Deluxe |
|
|
Business |
Solutions
Expert Solution
|
Variable |
# of reservations |
|
SuperSaver rentals allocated to room type I |
110 |
|
SuperSaver rentals allocated to room type II |
20 |
|
Deluxe rentals allocated to room type I |
0 |
|
Deluxe rentals allocated to room type II |
50 |
Business rentals allocated to room type II 40
|
Rental Class |
# of reservations |
|
SuperSaver |
130 |
|
Deluxe |
50 |
Business 40
milcah answered 1 year agoRelated Solutions
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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
Room
Super Saver
Deluxe
Business
Type I
$36
$38
—
Type II
$15
$26
$38
Type I rooms do not have wireless Internet access and are not
available for the Business rental class.
Round Tree's management makes a forecast of the demand...
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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 --
Room Type II $20 $30 $40 Type I rooms do not have Internet access
and are not available for the Business rental class. Round Tree’s
management makes a forecast of the demand by...
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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 --
Room Type II $20 $30 $40 Type I rooms do not have Internet access
and are not available for the Business rental class. Round Tree’s
management makes a forecast of the demand by...
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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
Room Super Saver Deluxe Business
Type I $32 $43 —
Type II $17 $35 $39
Type I rooms do not have wireless Internet access and are not
available for the Business rental class.
Round Tree's management makes a forecast...
Round Tree Manor is a hotel that provides two types of rooms with three rental classes:...
Round Tree Manor 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 (Mountain View)
$35
$40
-
Type II (Street View)
$25
$35
$45
Round Tree's management makes a forecast of the demand by rental
class for each night in the future. A linear programming model
developed...
Problem 8-21 (Algorithmic) Round Tree Manor is a hotel that provides two types of rooms with...
Problem 8-21 (Algorithmic)
Round Tree Manor 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
Room
Super Saver
Deluxe
Business
Type I
$36
$38
—
Type II
$15
$26
$38
Type I rooms do not have wireless Internet access and are not
available for the Business rental class.
Round Tree's management makes a forecast...
1-If you were the manager of a luxury hotel with 300 rooms and different types of...
1-If you were the manager of a luxury hotel with 300 rooms and
different types of restaurants, what functionalities would you want
from the PMS? Give examples for the integration between the PMS and
three other IT systems.
2-Give examples of other channels that you will use to sell the
hotel and how the PMS will help you to manage those channels?
Ada Hotel sells two room tpes: standard rooms and deluxe rooms. Average daily rate (ADR) and...
Ada Hotel sells two room tpes: standard rooms and deluxe rooms.
Average daily rate (ADR) and variable costs (VC) of the two room
types are provided in the table below: (Hint: Treat two room types
as two different products.)
ADR ($) Variable Cost ($)
Standard rooms 394.50 256.43
Deluxe rooms 631.20 366.10
...
Problem 2. Ada Hotel sells two room tpes: standard rooms and deluxe rooms. Average daily rate (ADR)...
Problem 2.
Ada Hotel sells two room tpes: standard rooms and
deluxe rooms. Average daily rate (ADR) and variable
costs (VC) of the two room types are provided in the table below:
(Hint: Treat two room types as two different products.)
ADR ($)
Variable Cost ($)
Standard rooms
461.20
299.78
Deluxe rooms
737.92
427.99
The Mock Hotel's fixed costs for a month is
= =
295168
Sales mix (contribution of each room type to total
room revenue) of the hotel is:
Deluxe...
2. Demand for hotel rooms in Tallahassee takes two possible values: on game days, demand is...
2. Demand for hotel rooms in Tallahassee takes two possible
values: on game days, demand is described by the demand curve q =
100−p, while on non-game-days demand is described by the demand
curve q = 60 − 2p.
(a) Suppose that the hotel price on game days is ph = 80. What
quantity is demanded at this price?
(b) Find the inverse demand curve on non-game-days. Assuming
that the price on game days is ph = 80 as above,...
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