In: Operations Management
Between 1988 and 1990 three $150 million amusement parks opened in France. By 1991 two of them were bankrupt and the third was doing poorly. Despite this, the Walt Disney Company went ahead with a plan to open Europe’s first Disneyland in 1992. Far from being concerned about the theme park doing well, Disney executives were worried that Euro Disneyland would be too small to handle the giant crowds. The $4.4 billion project was to be located on 5,000 acres in Seine-et-Marne 20 miles east of Paris. And the city seemed to be an excellent location; there were 17 million people within a two-hour drive of Euro Disneyland, 41 million within a four-hour drive, and 109 million within six hours of the park. This included people from seven countries: France, Switzerland, Germany, Luxembourg, the Netherlands, Belgium, and Britain. Disney officials were optimistic about the project. Their US parks, Disneyland and Disneyworld, were extremely successful, and Tokyo Disneyland was so popular that on some days it could not accommodate the large number of visitors. Simply put, the company was making a great deal of money from its parks. However, the Tokyo park was franchised to others—and Disney management felt that it had given up too much profit with this arrangement. This would not be the case at Euro Disneyland. The company’s share of the venture was to be 49 per cent for which it would put up $160 million. Other investors put in $1.2 billion, the French government provided a low-interest $900 million loan, banks loaned the business $1.6 billion, and the remaining $400 million was to come from special partnerships formed to buy properties and to lease them back. For its investment and management of the operation, the Walt Disney Company was to receive 10 per cent of Euro Disney’s admission fees, 5 per cent of food and merchandise revenues, and 49 per cent of all profits. The location of the amusement park was thoroughly researched. The number of people who could be attracted to various locations throughout Europe and the amount of money they were likely to spend during a visit to the park were carefully calculated. In the end, France and Spain had proved to offer the best locations. Both countries were well aware of the park’s capability for creating jobs and stimulating their economy. As a result, each actively wooed the company. In addition to offering a central location in the heart of Europe, France was prepared to provide considerable financial incentives. Among other things, the French government promised to build a train line to connect the amusement park to the European train system. Thus, after carefully comparing the advantages offered by both countries, France was chosen as the site for the park. At first things appeared to be off to a roaring start. Unfortunately, by the time the park was ready to open, a number of problems had developed, and some of these had a very dampening effect on early operations. One was the concern of some French people that Euro Disney was nothing more than a transplanting of Disneyland into Europe. In their view the park did not fit into the local culture, and some of the French press accused Disney of “cultural imperialism.” Others objected to the fact that the French government, as promised in the contract, had expropriated the necessary land and sold it without profit to the Euro Disneyland development people. Signs reading “Don’t gnaw away our national wealth” and “Disney go home” began appearing along roadways. These negative feelings may well have accounted for the fact that on opening day only 50,000 visitors showed up, in contrast to the 500,000 that were expected. Soon thereafter, operations at the park came under criticism from both visitors and employees. Many visitors were upset about the high prices. In the case of British tourists, for example, because of the Franc exchange rate, it was cheaper for them to go to Florida than to Euro Disney. In the case of employees, many of them objected to the pay rates and the working conditions. They also raised concerns about a variety of company policies ranging from personal grooming to having to speak English in meetings, even if most people in attendance spoke French. Within the first month 3,000 employees quit. Some of the other operating problems were a result of Disney’s previous experiences. In the United States, for example, liquor was not sold outside of the hotels or specific areas. The general park was kept alcohol free, including the restaurants, in order to maintain a family atmosphere. In Japan, this policy was accepted and worked very well. However, Europeans were used to having outings with alcoholic beverages. As a result of these types of problems, Euro Disney soon ran into financial problems. In 1994, after three years of heavy losses, the operation was in such bad shape that some people were predicting that the park would close. However, a variety of developments saved the operation. For one thing, a major investor purchased 24.6 per cent (reducing Disney’s share to 39 per cent) of the company, injecting $500 million of much needed cash. Additionally, Disney waived its royalty fees and worked out a new loan repayment plan with the banks, and new shares were issued. These measures allowed Euro Disney to buy time while it restructured its marketing and general policies to fit the European market. In October 1994, Euro Disney officially changed its name to “Disneyland Paris.” This made the park more French and permitted it to capitalize on the romanticism that the word “Paris” conveys. Most importantly, the new name allowed for a new beginning, disassociating the park from the failure of Euro Disney. This was accompanied with measures designed to remedy past failures. The park changed its most offensive labor rules, reduced prices, and began being more culturally conscious. Among other things, alcohol beverages were now allowed to be served just about anywhere. The company also began making the park more appealing to local visitors by giving it a “European” focus. Ninety-two per cent of the park’s visitors are from eight nearby European countries. Disney Tomorrowland, with its dated images of the space age, was jettisoned entirely and replaced by a gleaming brass and wood complex called Discovery land, which was based on themes of Jules Verne and Leonardo da Vinci. In Disneyland food services were designed to reflect the fable’s country of origin: Pinocchio’s facility served German food, Cinderella’s had French offerings, and at Bella Notte’s the cuisine was Italian. The company also shot a 360-degree movie about French culture and showed it in the “Visionarium” exhibit. These changes were designed to draw more visitors, and they seemed to have worked. Disneyland Paris reported a slight profit in 1996, and the park continued to make a modest profit through to the early 2000s. In 2002 and 2003, the company was once again making losses, and new deals had to be worked out with creditors. This time, however, it wasn’t insensitivity to local customs but a slump in the travel and tourism industry, strikes and stoppages in France, and an economic downturn in many of the surrounding markets.
In: Operations Management
A person with axial hypermetropia has a lens-retina distance of 1.9 cm and the maximum optical power of their eye is the same as that for a normal person.
A) what is the near point for this person?
B) What is the range accommodation this person needs to see objects from their near point all the way to their far point (Which is the same as for a normal eye)?
C) What is the optical power of the contact lenses used to treat this person and give them a normal near point of 25 cm>
In: Physics
The state of California has a mean annual rainfall of 22 inches, whereas the state of New York has a mean annual rainfall of 42 inches. Assume that the standard deviation for both states is 4 inches. A sample of 33 years of rainfall for California and a sample of 46 years of rainfall for New York has been taken. (a) Show the probability distribution of the sample mean annual rainfall for California. A bell-shaped curve is above a horizontal axis labeled inches. The horizontal axis ranges from about −2.1 to about 2.1. The curve enters the viewing window near −2.1 just above the horizontal axis, curves up to the right, and reaches a maximum near 0. The curve then curves down and to the right until it leaves the viewing window at the same height it entered near 2.1. A bell-shaped curve is above a horizontal axis labeled inches. The horizontal axis ranges from about 39.9 to about 44.1. The curve enters the viewing window near 39.9 just above the horizontal axis, curves up to the right, and reaches a maximum near 42. The curve then curves down and to the right until it leaves the viewing window at the same height it entered near 44.1. A bell-shaped curve is above a horizontal axis labeled inches. The horizontal axis ranges from about 10 to about 34. The curve enters the viewing window near 10 just above the horizontal axis, curves up to the right, and reaches a maximum near 22. The curve then curves down and to the right until it leaves the viewing window at the same height it entered near 34. A bell-shaped curve is above a horizontal axis labeled inches. The horizontal axis ranges from about 19.9 to about 24.1. The curve enters the viewing window near 19.9 just above the horizontal axis, curves up to the right, and reaches a maximum near 22. The curve then curves down and to the right until it leaves the viewing window at the same height it entered near 24.1. Correct: Your answer is correct. (b) What is the probability that the sample mean is within 1 inch of the population mean for California? (Round your answer to four decimal places.) Incorrect: Your answer is incorrect. (c) What is the probability that the sample mean is within 1 inch of the population mean for New York? (Round your answer to four decimal places.) Incorrect: Your answer is incorrect. (d) In which case, part (b) or part (c), is the probability of obtaining a sample mean within 1 inch of the population mean greater? Why? part (b), because the standard error is smaller part (c), because the population standard deviation is smaller part (b), because the population standard deviation is smaller part (c), because the sample size is larger Correct: Your answer is correct.
In: Statistics and Probability
Question 4
Please select the most appropriate for the terms concerning
adult issues.
concerning adult issues.
Senescence
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Menarche
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Affects women more extremely.
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Erikson's middle age
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Erikson's old age
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Slavishly bows to authority
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Sees a circle approaching
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Tells a story after resuscitating
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
He can't stand that touchy-feely stuff.
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Mean and ugly
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Alzheimer's
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
Death and loss first step
authoritarian
Integrity vs despair
Aging
avoidant
Near-Death Visions
Denial
aviodance-avoidance
Not for men
Generativity bs stagnation
death-bed visions
neurofibrillary tangles
loss of bones mass
In: Psychology
An amateur wants to go pro 10 years from now. The amateur is interested to know how much it would cost him to order a custom bike to be built with the following components
| Item | Actual cost (in dollars $) | Cost is going to inflate a rate X% per year (in percent %) |
| Frame | 3500 | 4.5 |
| Tires | 1200 | 7 |
| Gears | 1800 | 5 |
| Brakes | 1250 | 3 |
| Seat | 250 | 2.5 |
| Finish | 400 | 8 |
Compare the current total value of all items versus the total value by 10 years considering inflation. Determine the average inflation rate of total costs during that period.
In: Finance
Future of Power Systems in Saskatchewan (minimum of 7 pages, maximum of 12 pages less references, ToC, etc.) which discusses:
The current energy generation portfolio of Saskatchewan (as of Dec 2018)
- The options available for conventional (fossil fuel/hydro electric) generation in the future
- The options available for renewable, or near zero emission generation in the future
For each of your main points, discuss in terms of:
- Economics
– both capital cost and operating cost
- Environmental impacts –
- Are there any opportunities or issues related to first nations interests in Saskatchewan
In: Economics
Background
Hotel One is one of the two hotels serving Dayville, a small town in the US Midwest. Fifty percent of its customers are out-of-town visitors to the local college, 30 percent are visiting Dayville for business purposes, and the remaining 20 percent of Hotel One’s customers are leisure travelers. The hotel is within one mile from campus, approximately four miles from the city center, and eight miles from the airport. It is easy to reach by car, taxi, or city bus. You are a manager of Hotel One. Your facility consists of 150 rooms, all of which are standard rooms with two double beds. Your only competitor in Dayville, The Other Hotel, has fewer rooms (100), but 20 of their rooms are luxury suites with king beds and a sofa couch (the other 80 are standard rooms with two double beds). This is the extent of the information provided to you at this point.
Assignment
In order to better understand your unit’s operating environment, you are asked to provide your estimate of the demand equation that would account for various factors that affect your customer traffic. This will be done by using regression techniques. The first step in estimating a demand equation is to determine what variables will be used in the regression. Please provide detailed answers to the following questions:
1. What do you think should be the dependent variable in your demand equation? What units of measurement for that variable are you going to adopt? Please provide a detailed explanation for these choices.
2. Please request information about up to five independent (explanatory) variables for your demand equation. For each variable you request, (i) provide reasons why you expect it to be
important for your analysis and (ii) explain the expected sign of the relationship between the proposed independent variable and your proposed dependent variable.
3. Show the exact demand equation you are proposing to estimate.
In: Finance
Project Description The BlueMont chain hotels have 4 different types of room: Single room: $60/night Double room: $75/night King room: $100/night Suite room: $150/night The size of the hotel chains in different locations may be different in terms of the number of floors and the type and the number of rooms on each floor. You are required to write a program that calculates the occupancy rate and the total hotel income for one night and displays this information as well as some other information described below. The program starts by asking the location where this hotel chain is located and the number of floors in the hotel. The number of floors may not exceed 5. The User then enters the total number of rooms for each floor. The program then asks specifically the number of occupied rooms for each room type on this floor. The total number of rooms on each floor may not exceed 30 and the program should check that the total number of occupied rooms on each floor does not exceed the total of rooms on that floor. After the information is entered for each floor, the program calculates the following: - Hotel income (based on the room type and its rate), - The total number of occupied rooms, - Total number of the uncopied rooms, - The rate of occupancy, - Floor number with the minimum number of rooms. (Assume no two floors have the same number of rooms). - A message to improve the occupancy rate for the occupancy rate of less than 60%. - Programmer’s full name - Project number - Project due date Project Specifications -Use constant variables to hold room rates, max and min # of floors and rooms. -The program should continuously ask for the correct floor number if it is not within the range of 1 and 5. -The program should continuously ask for the correct number of rooms for each floor if it is not within the range of 1 and 30. -The program should repeat the process of asking the number of rooms on the floor and number of occupied rooms if the total number of occupied rooms exceeds the total number of rooms on the floor. Refer to Sample outputs for more clarification.
In: Computer Science
Project Description
The BlueMont chain hotels have 4 different types of room:
Single room: $60/night
Double room: $75/night
King room: $100/night
Suite room: $150/night
The size of the hotel chains in different locations may be different in terms of the number of floors and the type and the number of rooms on each floor.
You are required to write a program that calculates the occupancy rate and the total hotel income for one night and displays this information as well as some other information described below.
The program starts by asking the location where this hotel chain is located and the number of floors in the hotel. The number of floors may not exceed 5. The User then enters the total number of rooms for each floor. The program then asks specifically the number of occupied rooms for each room type on this floor. The total number of rooms on each floor may not exceed 30 and the program should check that the total number of occupied rooms on each floor does not exceed the total of rooms on that floor.
After the information is entered for each floor, the program calculates the following:
- Hotel income (based on the room type and its rate),
- The total number of occupied rooms,
- Total number of the uncopied rooms,
- The rate of occupancy,
- Floor number with the minimum number of rooms. (Assume no two floors have the same number of rooms).
- A message to improve the occupancy rate for the occupancy rate of less than 60%.
- Programmer’s full name
- Project number
- Project due date
Project Specifications
-Use constant variables to hold room rates, max and min # of floors and rooms.
-The program should continuously ask for the correct floor number if it is not within the range of 1 and 5.
-The program should continuously ask for the correct number of rooms for each floor if it is not within the range of 1 and 30.
-The program should repeat the process of asking the number of rooms on the floor and number of occupied rooms if the total number of occupied rooms exceeds the total number of rooms on the floor.
In: Computer Science