Questions
What has been the impact of the Citizens United and Speechnow decisions on political campaign funding?
What has been the impact of the Citizens United and Speechnow decisions on political campaign funding?
In: Civil Engineering
Comparative Analysis of Healthcare Systems between Haiti vs United Kingdom essay form?
Comparative Analysis of Healthcare Systems between Haiti vs United Kingdom essay form?
In: Nursing
History questions: The amendments to the constitution that finally put an end to slavery in the...
History questions: The amendments to the constitution that finally put an end to slavery in the United State of America.
In: Psychology
in the united state economy what needs to do in order to stay competitive in the...
in the united state economy what needs to do in order to stay competitive in the world market.
In: Economics
In your own words write a summary about anti smoking messages in the United state
In your own words write a summary about anti smoking messages in the United state
In: Math
In which of the following ways do utilitarians and Aristotle stand united against Rawls’s liberalism?
In which of the following ways do utilitarians and Aristotle stand united against Rawls’s liberalism?
In: Psychology
Sam's Cat Hotel operates 52 weeks per year, 7 days per week
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Refer to the standard normal table for z-values.
>Demand 95 bags/week
>Order cost $56/order
>Annual holding cost = 30 percent of cost
>Desired cycle-service level = 99 percent
>Lead time = 4 week(s) (28 working days)
>Standard deviation of weekly demand = 20 bags
>Current on-hand inventory is 325 bags, with no open orders or backorders
a. What is the EOQ?
Sam's optimal order quantity is _______ bags. (Enter your response rounded to the nearest whole number.)
What would be the average time between orders (in weeks)?
The average time between orders is _______ weeks. (Enter your response rounded to one decimal place.)
b. What should R be? The reorder point is 118 bags. (Enter your response rounded to the nearest whole number.)
c. An inventory withdrawal of 10 bags was just made. Is it time to reorder?
It is not time to reorder.
d. The store currently uses a lot size of 490 bags (i.e., Q 490). What is the annual holding cost of this policy?
The annual holding cost is $ 817.08. (Enter your response rounded to two decimal places.)
What is the annual ordering cost?
The annual ordering cost is $ 615.51. (Enter your response rounded to two decimal places.)
Without calculating the EOQ, how can you conclude from these two calculations that the current lot size is too large?
A. There is not enough information to determine this.
B. When Q 490, the annual holding cost is less then the ordering cost, therefore Q is too small.
C. When Q 490, the annual holding cost is larger than the ordering cost, therefore Q is too large.
D. Both quantities are appropriate
e. What would be the annual cost saved by shifting from the 490-bag lot size to the EOQ?
The annual holding cost with the EoQ is S 708.69. (Enter your response rounded to two decimal places.)
The annual ordering cost with the EOQ is $ 709.65. (Enter your response rounded to two decimal places.)
Therefore, Sam's Cat Hotel saves $ 14.25 by shifting from the 490-bag lot size to the EOQ. (Enter your response rounded to two decimal places.)
In: Other
Q: During a televised, title prize fight at a Las Vegas hotel, Luis threw a punch...
Q: During a televised, title prize fight at a Las Vegas hotel, Luis threw a punch which hit Michael in the face. As a result:
a: This would ordinarily be an act of negligence, however since Michael consented to the fight, he has no viable legal action against Luis. INCORRECT
b: This would ordinarily constitute strict liability for engaging in an inherently dangerous activity, however since Michael consented to the fight, he has no viable legal action against Luis.
c: This would ordinarily be an action of intentional infliction of emotional distress, however since Michael consented to the fight, he has no viable legal action against Luis.
d: This would ordinarily be a battery, however since Michael consented to the fight, he has no viable legal action against Luis.
In: Finance
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 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, 60 rentals in the Deluxe class, and 40 rentals in the Business class. Round Tree has 125 Type I rooms and 135 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
In: Operations Management
Hanson Inn is a 96-room hotel located near the airport and convention center in Louisville, Kentucky....
Hanson Inn is a 96-room hotel located near the airport and convention center in Louisville, Kentucky. When a convention or a special event is in town, Hanson increases its normal room rates and takes reservations based on a revenue management system. The Classic Corvette Owners Association scheduled its annual convention in Louisville for the first weekend in June. Hanson Inn agreed to make at least 50% of its rooms available for convention attendees at a special convention rate in order to be listed as a recommended hotel for the convention. Although the majority of attendees at the annual meeting typically request a Friday and Saturday two-night package, some attendees may select a Friday night only or a Saturday night only reservation. Customers not attending the convention may also request a Friday and Saturday two-night package, or make a Friday night only or Saturday night only reservation. Thus, six types of reservations are possible: convention customers/two-night package; convention customers/Friday night only; convention customers/Saturday night only; regular customers/two-night package; regular customers/Friday night only; and regular customers/Saturday night only.
The cost for each type of reservation is shown here:
| Two-Night Package |
Friday Night Only |
Saturday Night Only |
|
| Convention | $225 | $123 | $130 |
| Regular | $295 | $146 | $152 |
The anticipated demand for each type of reservation is as follows:
| Two-Night Package |
Friday Night Only |
Saturday Night Only |
|
| Convention | 40 | 20 | 15 |
| Regular | 20 | 30 | 25 |
Hanson Inn would like to determine how many rooms to make available for each type of reservation in order to maximize total revenue.
- Define the decision variables and state the objective function.
Round your answers to the nearest whole number.
Let CT = number of convention two-night rooms CF = number of convention Friday only rooms CS = number of convention Saturday only rooms RT = number of regular two-night rooms RF = number of regular Friday only rooms RS = number of regular Saturday only room CT + CF + CS + RT + RF + RS - Formulate a linear programming model for this revenue
management application. Round your answers to the nearest whole
number. If the constant is "1" it must be entered in the box.
CT + CF + CS + RT + RF + RS S.T. 1) CT 2) CF 3) CS 4) RT 5) RF 6) RS 7) CT + CF 8) CT + CS 9) CT + CF + RT + RF 10) CT + CS + RT + RS 11) CT, CF, CS, RT, RF, RS 0 - What are the optimal allocation and the anticipated total
revenue? Round your answers to the nearest whole number.
Variable Value CT CF CS RT RF RS
Total Revenue = $ - Suppose that one week before the convention the number of
regular customers/Saturday night only rooms that were made
available sell out. If another nonconvention customer calls and
requests a Saturday night only room, what is the value of accepting
this additional reservation? Round your answer to the nearest
dollar.
The dual value for constraint 10 shows an added profit of $ if this additional reservation is accepted.
In: Advanced Math