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Captain Stubing of The Pacific Princess seeks to maximize the return for their scheduled 14 day tour of Europe and has a number of options available to him. He can ply his guests with alcohol, upsell them on fancier restaurant fare or include more expensive excursion options. These alternatives are not without tradeoffs, since different guests prefer different options, depending largely on their age and wherewithal. Among the limitations Captain Stubing must consider is the number of excursions; they must offer at least five alternatives per day for each the ten days they will reach port. In addition, the restaurant choices must exceed 12 major styles of cuisine and the bar themes down in The Grotto should rotate every other day for the 14 days. It's possible to rotate them twice a day, but any more than that and poor Isaac spends more time tearing down and setting up than he does mixing libations. Ideally, there should be at least one different bar theme for every cuisine type. The total budget for excursions, restaurants and bar has been set by the parent company at $150,000. It costs $1,500 to stock supplies for a major cuisine category, it costs $5,000 to include each different excursion, and it costs $900 to set up with a different bar theme. Based on historical data, Captain Stubing believes that each new bar setup will generate $1,500 profit, each new cuisine type will bring in $5,000, and each excursion type will generate $17,000 for the ship. What are the appropriate objective function and constraints for this scenario?
Discuss the single biggest challenge to effective management process and one (1) recommendation for addressing that challenge.
External Analysis a. Identify and explain the forces in the macro-environment. Give an example of each force. Please explain an industry’s attractiveness (or chance for profitability) using the competitive forces model from your text.
The Sohn Aerospace Division of Sohnco has a forecast for the first three months of next year is. Plot cumulative demand and a level aggregate production plan with no back orders and no ending inventory. What production is needed each month to meet pa..
Danny the Defendant owned a small grocery store in Tarzana. His Produce Manager, Deirdre, frequently sprayed the produce with excess water that would drip onto the floor, creating trip hazards. Deirdre was warned about this many times by Danny. Descr..
Using the Learning Curve of 85%, determine what is the expected time required to produce the 40th unit, if we know that the 10th unit took 6.1 hours?
Briefly describe what happens in each of the five project management process groups (initiating, climbing, executing, monitoring and controlling, and closing). Discuss some of the key output of each process groups. What are some of the typical challe..
A Canadian university’s business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. However, in an effort to limit class sizes to a “reasonable” level (under 200 generally), the university’s registrar, ..
In this assignment, you will decide on a company's strategic intent, its mission, and the role of stakeholders in developing an organization's strategy. Define the various classifications of stakeholders in a company and their role in strategic manag..
Advance Directives—Research the legal and ethical basis for Advance Directives such as the Living Will and Durable Power of Attorney for healthcare. Why are these documents so valuable in healthcare situations? What legal authority do these documents..
When it comes to telecommunication network installation and management, as a business manager, you have to make a crucial decision to choose between hiring an expert to do the work or do it yourself. Which choice is better, and why? What criteria sho..
Discuss the importance of having an organizational structure. Explain the importance of roles within an organization.
We know the following about Bob & Co. Total assets are $1000m, E is $700m, cash is $500m and the # of shares is 1m. We estimate that the market value of equity is 2 times the book value of it. Finally, a fire sale of the firm would bring 70% of the v..
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