What is the maximum revenue that can be generated

Assignment Help Business Management

Reference no: EM131163620

Reservation Scheduling Roth Auto Rentals, a car rental company specializing is SUVs, is making up a schedule for the next weekend's demands. The peak demand period occurs on the weekend, when Roth may not have enough SUVs to meet demand. The customer demands that have been logged in are listed below.

Days Customers

Fri-Mon 1

Fri-Sat 4

Fri-Sun 5

Sat-Sun 4

Sat-Mon 3

Sun-Sun 2

The rental cost depends on which days the contract covers.

Days	FSSM	FS	FSS	SS	SSM	Sun
Rate	119.95	69.95	99.95	74.95	89.95	39.95

Roth Auto Rentals carries only one type of vehicle and expects to have 10 SUVs available for rental over the weekend.

(a) What is the maximum revenue that can be generated from the list of orders?

(b) In the optimal solution of (a), what percentage of customer demand is satisfied?

(d) Answer the set of three questions above for fleet sizes of 11-16.

Reference no: EM131163620

Questions Cloud

Review standard costs - wake up and smell the coffee article : Review the Standard costs: wake up and smell the coffee article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely t..

Is it possible to locate the mobile office : Is it possible to locate the mobile office in such a way that for any county, the office will either locate in that county or locate in a neighboring county at least once per week?

Member of the elementary school : You are a member of the elementary school PTA and have been asked to quickly get a newsletter out. A representative of each grade K-5 will be submitting a small piece for the newsletter. You don't have a newsletter template handy, so you decide ..

State two possible negative outcomes to the company : State two possible negative outcomes to the company if you follow your bosses manner of handling the situation.

What is the maximum revenue that can be generated : What is the maximum revenue that can be generated from the list of orders? - In the optimal solution of (a), what percentage of customer demand is satisfied?

Marginal product of the variable factor : Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its short-run costs are as follows: ATC = $0.37 per unit, AVC = $0.32 per unit, AFC = $0.05 per unit, MC = $0.43 per unit. Given these short-run costs, as ..

Would there be scaling problems for common fluids : Would there be scaling problems for common fluids?

What is the function of the nlrb : What were the conditions/factors that led to the passage of the National Labor Relations Act? What is the function of the NLRB? What rights does the employee have under the NLRA and how does the employee go about enforcing those rights?

Producing newsprint in a perfectly competitive industry : Suppose ABC Corp. is a firm producing newsprint in a perfectly competitive industry. We have the following information about the firm's production:

User Account

All Pages