Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 ClassSuper SaverDeluxeBusiness

RoomType I$30$35-Type II$20$30$40Type I rooms do not have high-speed 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 130 rentals in the Super Saver class, 60 in the Deluxe class, and 50 in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms.

(a)Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types.Rental Class with room typeNo of ReservationsSuper Saver rentals allocated to room type ISuper Saver rentals allocated to room type IIDeluxe rentals allocated to room type IDeluxe rentals allocated to room type IIBusiness rentals allocated to room type II(b)For the solution in part (a), how many reservations can be accommodated in each rental class?Rental ClassNo of ReservationsSuper Saver IDeluxeBusinessDemand for- Select your answer -

Deluxe

Super Saver

Business

Item 9

rental class was not satisfied.(c)With a little work, an unused office area could be converted to a rental room. If the conversion cost is the same for both types of rooms, would you recommend converting the office to a Type I or a Type II room?Type IType IIShadow Price$$Convert an unused office area to- Select your answer -

Type I

Type II

Item 12

room.Explain.The input in the box below will not be graded, but may be reviewed and considered by your instructor.

(d)Could the linear programming model be modified to plan for the allocation of rental demand for the next night?- Select your answer -

Yes

No

Item 14

What information would be needed and how would the model change? Explain.The input in the box below will not be graded, but may be reviewed and considered by your instructor.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to graph theory

Authors: Douglas B. West

2nd edition

131437372, 978-0131437371

More Books

Students also viewed these Mathematics questions

Question

describe the segmentation process

Answered: 1 week ago