Question: I have to solve this problem for my managment sience class using excel and i have been having a little trouble understanding how to translate
I have to solve this problem for my managment sience class using excel and i have been having a little trouble understanding how to translate the problem to excel to solve it can you help me
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 rentals in the Super Saver class, rentals in
the Deluxe class, and rentals in the Business class. Round Tree has
Type I rooms and Type II rooms. LO
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.
bHow many reservations can be accommodated in each rental class?
cWith 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 you recommend converting the office to a Type I or a Type II room? Why?
dCould the linear programming model be modified to plan for the allocation of rental demand for the next night? What information would be needed and how would the model change?
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