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3 years ago

What term is used for turning a guest away from the hotel due to overbooking?

Business

1 answer:

Sliva [168]3 years ago

4 0

The term when hotels turn guests away because their rooms are overbooked is called “walking” or “walked”.

Overbooking is <u>a situation where a business sells a good or service when the supply for this transaction is actually not available</u>.

Overbooking can happen when current guests increase their stay without further notice or when a room is not proper for a guest to stay in. It can also happen when hotels purposefully gave a room during busy seasons to more than one guest – thinking that perhaps one of them might cancel.

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A cafeteria buys muffins daily. Demand varies Uniformly between 30 and 50 muffins per day. The cafeteria pays $.20 per muffin an

kakasveta [241]

Answer:

The optimal stocking level is 45 muffins.

Explanation:

First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2

Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60

Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75

Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)

optimal stocking level = 30 + 0.75*(50-30) = 45

The optimal stocking level is 45 muffins.

Optimal stocking level = 68.75 Muffins

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3 years ago

It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected

Vsevolod [243]

Answer:

$-8,609

Explanation:

Calculation for How much would you need to set aside

Year Cashflows PVF 5% Present values

1 -500 *0.952381 =-476.19

2 -650(500+150) *0.907029 =-589.569

3 -800(650+150) *0.863838 =-691.07

4 -950(800+150) *0.822702 =-781.567

5 -1100(950+150) *0.783526 =-861.879

6 -1250(1100+150) *0.746215 =-932.769

7 -1400(1250+150) *0.710681 =-994.954

8 -1550(1400+150) *0.676839 =-1049.1

9 -1700(1550+150) *0.644609 =-1095.84

10 -1850(1700+150) *0.613913 =-1135.74

PV=Present value $-8,609

Therefore the amount you will need to set aside is $-8,609

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Answer;

The answer is factory system

Explanation:

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