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Motel 9 is a chain with 10 hotels, which operates 365 days a year. The chain invested $200 million to purchase land for these 10 hotels and $100 million to build and furnish them. Each hotel has 150 rooms and charges on average price of $80 per night. Each hotel is staffed with 20 employees; each paid $200 a day on average. On average the hotel is 90% occupied at any given time. The Overhead cost is $1500 per day.
1. What is the labor productivity of each hotel? Express the answer as dollars per dollar?
2. What is the multi factor productivity of each hotel? Express the answer as dollars per dollar? Do not worry about the invested capital.
3. The hotel can increase the average occupancy to 95% if it hires one marketing employee. (Average pay $200/day). Should the hotel hire this person or not. Justify your answer.
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City government has collected the following data on annual sales tax collections and new car registrations over the past 7 years: Determine the least squares regression equation. What does a and b represent in the context this problem?
Formulate a linear program to determine how many of each of the types of cabinet should be produced, using each type of wood. You see to maximize profit while satisfying demand of the two cabinet styles.
You are a leading management employment lawyer in the city of Absurdity in the state of California. One of your clients is Curious Creatures (CC), a company that manufactures original and bizarre stuffed animals. CC, one of the few stuffed animal com..
In using the "chase strategy" variations in demand could be met by: What quantity is available for commitment to new customers in either of the first two periods?
An investment group is considering a potential investment in Kudzu Energy (KE). The group has engaged YOU to provide a preliminary assessment of the business management practices to consider, based on the following profile of the company.
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