Reference no: EM131367117
Consider applying Revenue Management to a golf course. How much additional revenue per day can the golf course make by shortening the tee time from 10 minutes to 9 minutes?
Use the following to calculate your answer.
The course is open for 12 hours/ day
The tee-time interval is 10 minutes. ( every 10 minutes a partt of up to 4 can bagin a round of golf
Players require four hours to complete 18 holes
Players need to complete all 18 holes before the course closes
The maximum number of players per party is 4. (Max players per tee time)
Each player pays a maximum of $145/ per person on weekends.
1. Using these data the maximum number of parties ( up to 4 golfers at a timer) per day is ________. When the tee-time intervals is 10 minutes, the maximum total revenue per day is _________.
2. Now, let’s look a tee-time intervals of 9 minutes. All other assumptions above still apply. Using these data, the maximum number of parties per days is ______. How much extra revenue per day is possible with the new 9-minute tee-time intervals?_______.
|
Consistent guidelines for design benefit an organization
: Design should not be overlooked when creating a technical document. In what specific ways does consistent design benefit individual readers? How does establishing consistent guidelines for design benefit an organization?
|
|
Any instances where letting the client being involved
: Are there any instances where letting the client being involved in team discussions and activities be valuable? Are there some type of project where a manager would be more beneficial than a leader? or vice versa?
|
|
External analysis-internal analysis-issue identification
: Will Wall Street Hit The “Like” Button? Executive Summary, External Analysis, Internal Analysis, Issue Identification, Strategic Alternatives, Recommended Actions, Appendices and Exhibits.
|
|
Describe the nature and purpose of a flow chart
: Describe the nature and purpose of a flow chart. Would a flow chart be a good tool to use initially in a process improvement project? Why or why not? From a customer perspective, which adds more value: process control or inspection? How about from an..
|
|
Consider applying revenue management to golf course
: Consider applying Revenue Management to a golf course. How much additional revenue per day can the golf course make by shortening the tee time from 10 minutes to 9 minutes? Using these data the maximum number of parties ( up to 4 golfers at a timer) ..
|
|
Databases require both a physical and conceptual model
: In your view what are the major points of impact that globalization has on organizational development and organizational behavior? What is your rational in each case? Why do you think that FedEx and UPS would stand a better chance at surviving agains..
|
|
Critical chain book review
: Critical Chain Book Review: Read the book Critical Chain by Eliyahu Goldratt. Write a book report summarizing what you believe to be the benefits of using these ideas in project management. Also discuss any disadvantages you see in using these theori..
|
|
Compute eva for the two divisions
: Colonial Pharmaceuticals is a small firm specializing in new products. It is organized into two divisions, which are based on the products they produce. AC Division is smaller and the life of the products it produces tend to be shorter than those pro..
|
|
What are ethical implication of sharing personal information
: When coworkers work closely on a team project, is there such a thing as TMI (too-much information)?6 At one company, a team that had just finished a major project went out to lunch to celebrate. During lunch, one colleague mentioned that he was train..
|