Assignment 5 - Hanson Inn Hanson Inn is a 96-room hotel...

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Hanson Inn Hanson Inn is a 96-room hotel located near the airport and convention center in Louisville, Kentucky. During conventions and special events, the hotel raises its normal rates and takes reservations based on a revenue management system. They would like to figure out how many rooms to make available for each type of reservation in order to maximize total revenue. A. The objective function is Max Z= 225 CT+123CF+130 CS+295RT+146+RF+152 RS Decision variable: CT= Number of convention two night rooms CF= Number of convention Friday only rooms CS= Number of convention Saturday only rooms RT= Number of regular two night rooms RF= Number of regular Friday only rooms RS= Number of regular Saturday only rooms Subject to constraints: CT<=40 RS<=25 CF <=20 CT+CF>=48 CS<=15 CT+CS>=48 RT<=20 CT+CF+RT+RF<=96 RF<=30 CT+CF+RT+RS<=96 Restriction variable: CT, CF, CS, RT, RF, RS
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Unformatted text preview: B. Step 1 Enter the values oF di³erent variables, constraints and objecTve in Excel as shown below: Enter the value of the variables, constraints and objecTve funcTon in Excel Solver, as shown below: Afer putng The value oF The objec±ve Func±on, consTrainTs and variables in The above window, click “Solve” Tab. The resultant values of the given problem are as shown below: C. The op±mal alloca±on of the given problem is: The antcipa±ed revenue is $25,722 D. The sensitvi±y repor± for ±his problem is: In conclusion, from ±he sensitvi±y repor± ±ha± ±he non-conventon regular cus±omer can be alloca±e ±he Sa±urday only room. CitaTon Anderson, Sweeney, Williams, Camm, and MarTn. QuanTtaTve Methods in Business GBS220. 13th ed. Mason: Cengage Learning, 2010. Print....
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  • Fall '09
  • MARIEMAIN
  • Sociology, objective function, Hanson Inn

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