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Author Question: A hotel chain is considering using yield management to increase profits. Its plan is to sell unsold ... (Read 83 times)

PhilipSeeMore

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on: Dec 3, 2019

Question 1

A manufacturing plant has created the following forecast and would like to apply a graphical aggregate planning method. Complete the table and calculate the difference between Jan.'s forecast demand per working day vs a level production model for the entire period?


Month		Expected DemandProduction DaysDemand per Day (to the nearest whole unit)
Jan.180022​
Feb.140018​
Mar.160021​


Question 2

A hotel chain is considering using yield management to increase profits. Its plan is to sell unsold rooms at a discounted rate very close to the night of stay. For example, an unsold Friday night room would be discounted early in the week. It estimates that the percentage of sold rooms (total) would be equal to 50 + X, where X is the % discounted off of regular price. Meanwhile the % of rooms sold for full price compared to the discount would be 100 - 2X (some people would wait to book gambling a discount would happen). Find the ideal discount %.
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Marked as best answer by PhilipSeeMore on Dec 3, 2019

Chelseyj.hasty

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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PhilipSeeMore

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)

nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

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