Only the blanks in A, B and D please. 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 ofroom and rental class is as follows:RoomТуре ІТуре IISuper Saver$30Rental Class$20Deluxe$35$30Business$40Type I rooms do not have high-speed 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 profitis used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 160 rentals in the Super Saver class,60 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms.(a) Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Isthe demand by any rental class not satisfied? Explain.If demand materializes as forecast, there will berooms not reserved in the Super Saver class.(b) How many reservations can be accommodated in each rental class?Super SaverDeluxeBusiness (c) Management is considering offering a free breakfast to anyone upgrading from a Super Saver reservation to Deluxe class. If the cost of the breakfast toRound Tree is $5, should this incentive be offered?Increasing demand for Deluxe class accommodations will decrease profit. Since the predicted change in profit is less thanbreakfast, the incentive shouldbe offered.the added cost of the(d) 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 yourecommend converting the office to a Type I or a Type II room? Why?Type Ibecause this will increase profit by $(e) Could the linear programming model be modified to plan for the allocation of rental demand for the next night? What information would be needed and howwould the model change?We would need to know how many rooms of Type I and Type II there will be on the next night to use as the right-hand sides of the last twoconstraints.We would need to know whether the profit per night of each type of room and rental class will change and use these as objective coefficients.We would need to know if Type 1 rooms can be used as Business class rooms the next night and add a variable to the objective function.We would need a forecast of demand for each rental class on the next night to use as the right-hand sides of the first three constraints.

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: Room Type I Type II Super Saver $30 Rental Class $20 Deluxe $35 $30 Business $40 Type I rooms do not have high-speed 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 160 rentals in the Super Saver class, 60 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms. (a) Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Is the demand by any rental class not satisfied? Explain. If demand materializes as forecast, there will be rooms not reserved in the Super Saver class. (b) How many reservations can be accommodated in each rental class? Super Saver Deluxe Business

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: Room Type I Type II Super Saver $30 Rental Class $20 Deluxe $35 $30 Business $40 Type I rooms do not have high-speed 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 160 rentals in the Super Saver class, 60 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms. (a) Use linear programming to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Is the demand by any rental class not satisfied? Explain. If demand materializes as forecast, there will be rooms not reserved in the Super Saver class. (b) How many reservations can be accommodated in each rental class? Super Saver Deluxe Business

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
. The Newcoat Painting Company has for some time been experiencing high demand for its automobile repainting service. Because it has had to turn away business, management is concerned that the limited space available to store cars awaiting painting has cost them in lost revenue. A small vacant lot next to the painting facility has recently been made available for rental on a long-term basis at a cost of $10 per day. Management believes that each lost customer costs $20 in profit. Current demand is estimated to be 21 cars per day with exponential interarrival times (including those turned away), and the facility can service at an exponential rate of 24 cars per day. Cars are processed on a FCFS basis. Waiting space is now limited to 9 cars but can be increased to 20 cars with the lease of the vacant lot.Newcoat wants to determine whether the vacant lot should be leased. Management also wants to know the expected daily lost profit due to turning away customers if the lot is leased. Only…
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In an attempt to have funds for a down payment, Carmella Carlson plans to save $3,850 a year for the next five years. With an interest rate of 5 percent, what amount will Carmella have available for a down payment after the five years? (Exhibit 1-A,Exhibit 1-B, Exhibit 1-C, Exhibit 1-D)