Illustrate how a hotel, restaurant, or theater can deal with the intangibility, inseparability, variability, and perishability of the service it provides. Give specific examples.
In: Accounting
Use this scenario "How to turn a movie theater into a hotel franchise." Create of a operations plan that shows how the product or service will be delivered
In: Finance
Disney offers both hotel rooms and entrance to their theme parks at their resorts. Consider four different market segments with willingness to pay for rooms and market shares shown in the table below. Assume a total market size of 5,000 individuals per day.
Segment Amusement
Park Lover, Luxury Lover, Conference Devotee, Disney Devotee
Room, $200 $300 $325 $50 Theme Park $150 $50 $5 $200 Market Share
20% 10% 20% 50%
a) Scenario A: Consider a Disney price menu with the Hotel Room at
$300 and Theme Park Entrance at $150. Complete the chart by
answering the following questions. i. Calculate the consumer
surplus for each segment with each offering. (4 points) ii.
Calculate the revenue earned from each offering and market segment.
(4 points)
Consumer Surplus Room Theme Park Amusement Park Lover Luxury Lover
Conference Devotee Disney Devotee Revenue Theme Park Room Amusement
Park Lover Luxury Lover Conference Devotee Disney Devotee
b) Scenario B: Consider a Disney price menu of Hotel Room at
$200 and Theme Park Entrance at $150. Complete the chart by
answering the following questions. i. Calculate the consumer
surplus for each segment with each offering. (4 points) ii.
Calculate the revenue earned from each offering and market segment.
(4 points) Consumer Surplus Room Theme Park Amusement Park Lover
Luxury Lover Conference Devotee Disney Devotee Revenue Theme Park
Room Amusement Park Lover Luxury Lover Conference Devotee Disney
Devotee
c) Scenario C: Consider a Disney price menu of Hotel Room at $325
and Theme Park Entrance at $200, and Hotel + Theme Park Bundle for
$350. Complete the chart by answering the following questions. i.
Calculate the consumer surplus for each segment with each offering.
(6 points) ii. Calculate the revenue earned from each offering and
market segment. (6 points)
Consumer Surplus Theme Park Room Room + Theme Park Amusement Park
Lover Luxury Lover Conference Devotee Disney Devotee Revenue Room
Theme Park Room + Theme Park Amusement Park Lover Luxury Lover
Conference Devotee Disney Devotee
d) What are the optimal prices of the Hotel Rooms and Theme Park Entrance in the absence of bundling? (3 points)
e) Compare the revenue obtained in part (c)(ii) with the revenue obtained in part (d)? (2 points)
f) Explain the intuition about why bundling increases the overall revenue earned? (3 points)
I know how to do part a and b but not sure for part c, d, and e
In: Economics
Describe and explain 10 future sustainability plans of park hyatt hotel Maldives
In: Operations Management
Topic: Air Miles Canada:
AIR MILES is Canada’s largest coalition loyalty program, with more than ten million active Collector accounts and approximately two-thirds of Canadian households participating in the program. Collectors earn reward Miles by shopping with select sponsors, which can be used to redeem free flights, hotel accommodations, car bookings, merchandise, and more. AIR MILES has over 100 sponsors, including American Express, Toys R Us, Amazon, and more.
The Problem of the case,
The existing car and hotel booking experiences are drastically hurting conversion tunnels
Issues with the AIR MILES Travel booking experiences (flight, car, and hotel) is one, if not the greatest, driver of calls to the call centre, with wait times of up to 4 hours during peak seasons for travel. As a result, AIR MILES needed a redesign of the car and hotel booking experience to address the usability issues that are impacting the conversion tunnel and maintain consistency across the platform following the recent redesign of the flight booking experience.
Questions:
How would a data warehouse assist the marketing team at AIR MILES, going forward?
What functions would it perform that would be most useful?
Would a data-mining program be useful to AIR MILES?
Would it be helpful to Sponsors and Suppliers? If so, how? If not, why not?
In: Operations Management
Which Relative Risk (RR) and confidence interval (CI) is most likely to be a causal relationship?
A) RR= 3.0 (95% CI 1.9-7.9)
B) RR= 3.0 (95% CI 0.3-12.2)
C) RR= 1.0 (95% CI 0.3-12.2)
D) RR= 1.0 (95% CI 0.3-4.3)
In: Chemistry
Lets consider again the willingness to pay for a hotel room and theme park entrance for the four market segments. Also assume as before a market size of 5,000 individuals per day.
|
Segment |
Room |
Theme Park |
Market Share |
|
Amusement Park Lover |
$200 |
$150 |
20% |
|
Luxury Lover |
$300 |
$50 |
10% |
|
Conference Devotee |
$325 |
$5 |
20% |
|
Disney Devotee |
$50 |
$200 |
50% |
Which would be the optimal price to maximize revenue for the Room and Theme Park, without considering the possibility of bundling?
Room: $200
Theme Park: $150
Room: $300
Theme Park: $150
Room: $200
Theme Park: $200
Room: $300
Theme Park: $200
In: Economics
Mr. and Mrs. Roberts checked into the Acme Hotel Downtown. Mr. Roberts gave his car keys to the hotel valet so that the valet could park the car and retrieve the car when it was needed. A sign adjacent to the valet stand advises that valet parking is $30 per night and that the hotel is not responsible for damage or loss vehicles. When Mr. Roberts requests the valet deliver his car the following day, the car is missing. Briefly discuss the legal relationship, if any, between the hotel and Mr. Roberts with respect to his vehicle.
What, if any, effect does the disclaimer on the garage sign?
In: Operations Management
Miles to Kilometers
ASSIGNMENT:
Write a program to convert miles to kilometers. Put the entire program in a sentinel-controlled loop that runs until the user enters a negative number. Use both a pre-test sentinel-controlled loop and a post-test sentinel-controlled loop in the program.
There are 1.6 kilometers in 1.0 mile. Store the value of 1.6 in a constant and use the constant in the calculations.
There is 1 blank line after the descriptions, and 2 blanks lines between the pre-test and the post-test parts of the program.
Use singular/plural decisions for both miles and kilometers.
There is no validation.
Example Run #1:
(bold type is what is entered by the user)
*** Using a pre-test (while) loop ***
*** This requires the initial prompt and get before the loop,
*** and the loop itself must end with a re-prompt and re-get,
*** but it doesn't require a decision inside the loop.
*************************************************************
Enter the number of miles (enter a negative number to quit):
1.0
1.0 mile is 1.6 kilometers.
Enter the number of miles (enter a negative number to quit):
-1
*** Using a post-test (do) loop ***
*** This requires a decision inside the loop to see
*** if the process and output should be done,
*** but the prompt is only written once.
*************************************************************
Enter the number of miles (enter a negative number to quit):
0.625
0.6 miles is 1.0 kilometer.
Enter the number of miles (enter a negative number to quit):
5.5
5.5 miles is x.x kilometers.
Enter the number of miles (enter a negative number to quit):
-1
The example run shows EXACTLY how your program input and output will look.
C Programming NO FLOATS
In: Computer Science
QuadPlex Cinema is the only movie theater in Idaho Falls. The nearest rival movie theater, the Cedar Bluff Twin, is 35 miles away in Pocatello. Thus QuadPlex Cinema possesses a degree of market power. Despite having market power, QuadPlex Cinema is currently suffering losses. In a conversation with the owners of QuadPlex, the manager of the movie theater made the following suggestions: “Since QuadPlex is a local monopoly, we should just increase ticket prices until we make enough profit.”
a. Comment on this strategy. Will it work in short run?
b. Is the Lerner index an appropriate measure for the market power of QuadPlex Cinema? Please explain your answer briefly.
c. What options should QuadPlex consider in the long run?
In: Economics