Question: please answer only the following 3A 3B 3C 3D 3E 3F . thank you This assignment thas 4 Questions with sub parts. For Questions 1

please answer only the following 3A 3B 3C 3D 3E 3F . thank you please answer only the following 3A 3B 3C 3D 3E
please answer only the following 3A 3B 3C 3D 3E
please answer only the following 3A 3B 3C 3D 3E
please answer only the following 3A 3B 3C 3D 3E
please answer only the following 3A 3B 3C 3D 3E
please answer only the following 3A 3B 3C 3D 3E
This assignment thas 4 Questions with sub parts. For Questions 1 to 3 , use the following definition of distribution types. Distribution Type 1: Normal distribution with mean =75 and std. dev =25 Distribution Type 2: Uniform Distribution U [50,100] Distribution Type 3: Discrete Distribution Q1. Newsvendor Problem: Let's say you are the manager of a famous band that is organizing a concert. You want to take advantage of this concert and sell some concert. T-shirts to music fans. You may procure Tshirts at a cost of $20 each. The price of T-shirt for the music fans is $50. Answer the following questions based on the above info. 1A. What is the underage cost? What does this cost represent? (0.5+1.5 pts ) 18. What is the overage cost? What does this cost represent? (0.5+1.5pts) 1C. What is the critical ratio? What does critical rotio represent? (0.5+1.5pts) 10. If demand of T-shirts is distributed as distribution type 1 , then how many T-shirts will you order? ( 2 pts) 1E. If demand of T-shirts is distributed as distribution type 2, then how many T-shirts will you order? (2 pts) 1F. If demand of T-shirts is distributed as distribution type 3, then how many T-shirts will you order? (2 pts) Q2. Protection Level: Let's say you are the Hotel Manager of Hotel Holiday. You have 300 rooms in the hotel. A famous band is organizing a concert near your hotel. Music fans can either book the hotel in advance for a discounted price of $100/ night or wait until the last minute to book a room at a price of $300/ night. The demand is large enough that you can sell out all rooms at $100/ hight. Answer the following questions based on the above info. 2A. What is the underage cost? What does this cost represent? (0.5+1.5pts) 2B. What is the overage cost? What does this cost represent? (0.5+1.5pts) 2C. What is the critical ratio? What does critical ratio represent? (0,5+1:5pts) 2D. If demand of last-minute music fans is distributed as distribution type. 1 , then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1 pts) 2E. If demand of last-minute music fans is distributed as distribution type 2 , then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1pts) 2F. If demand of last-minute music fans is distributed as distribution type 3, then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1pts) Q3. OverBooking: Let's say you are the Hotel Manager of Hotel Holiday. You have 300 rooms in the hotel. A famous band is organizing a concert near your hotel. Music fans can book a hotel room at $100/ night. The price is non-refundable. You are aware that some music fans may book a hotel room but not show up. Therefore, you decide to overbook the hotel. However, if you must deny a room to a music fan due to overbooking, you will need to provide accommodation in the only luxury resort near you. The price of a room at the luxury resort is $500/ hight. 3A. What is the underage cost? What does this cost represent? (0.5+1.5pts) 38. What is the overage cost? What does this cost represent? (0.5+1.5pts) 3C. What is the critical ratio? What does critical ratio represent? (0.5+1.5pts) 30. If number of no-shows are distributed as distribution type 1 , then how many overbookings will you do? What is the number of reservations that you will take? (2+1 pts) 3E. If number of no-shows are distributed as distribution type 2 , then how many overbookings will you do? What is the number of reservations that you will take? (2+1 pts) 3F. If number of no-shows are distributed as distribution type 3 , then how many overbookings will you do? What is the number of reservations that you will take? (2+1 pts )

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