Answer:
The optimal stocking level is 243 boxes
Explanation:
In order to calculate the optimal stocking level we would have to calculate the following formula:
optimal stocking level=mean+(Z* standard deviation)
According to the given data we have the following:
mean=250 boxes per day
standard deviation=22 boxes
To calculate the z value we would have to calculate the service level as follows:
service level=shortage/(shortage+overage)
service level=3/(3+5)
service level=0.38
Hence, z value is -0.31
Therefore, optimal stocking level=250 + (-0.31 * 22)
optimal stocking level=243 boxes
The optimal stocking level is 243 boxes
A because you need to put people to practice
Answer:
$2,090 should be charged as rent to obtain maximum profit.
Explanation:
Let's assume x is the number of occupied apartment.
Therefore, the total rent the company is getting can be represented as;
{(560 + 45(80-x)}x-50x
Y=560x + 3600x - 45x^2 - 50x
Y=4110x - 45x^2
Y^'=(4110x - 45x^2)^'
Y=4110 - 90x
Y=0
4110-90x = 0
90x = 4110
x = 45.67
Rent is therefore;
560 + (80 - 46)45
=560 + 1530
=$2,090
In the recent years, investors and hoteliers have been increasingly made aware of how the environment and social life impacts hotel operations and developments. Factors that have contributed to this awareness include the desires of hotel owners and operators to reduce costs of operations, change required for sustainable development, increased regulations that pay attention to development and operations and the way attitudes of investors are changing towards the environment. Sustainability is still a difficult task to measure in the hospitality industry. Business environment faces many challenges because of its dynamic nature
