George and Jane Forrester, owners

George and Jane Forrester, owners

[ENTER REPORT TITLE INCLUDING THE NAME OF THE BUSINESS BEING ANALYSED]

for

George and Jane Forrester, owners

[Enter the date of submission]

prepared by

[Enter your name]

[Enter your student ID number]

Introduction

(2 marks)

Include:

Write this after you have a clear understanding of the content of your report.
There is no word limit, just ensure you have explained what the report will contain.  As a guideline, one or two paragraphs will be sufficient.

Highlight and delete this message before submission

[Click here and insert your text for the Introduction]

1.  Winning with wine tours?

Highlight and delete this text before submission

Write a report-style discussion of the main results of your analysis in Appendix 1. You may use subsections, tables etc. as you see fit.

Quote your results but do not include numerical calculations. These should be placed in Appendix 1.

(6 marks)

Discuss the results of your break-even analysis from Appendix 1. Include a copy and comment on your break-even graph for the preferred option. You should discuss your analysis of the two transport options if The Treetop Retreat organise and run the tours themselves. Your recommendation should relate to the expected number of passengers per tour.

Highlight and delete this text before submission

[Click here and insert your report-style discussion of the matters addressed in Appendix 1]

2. Optimum mix of treehouse reservation packages

Highlight and delete this text before submission

Write a report-style discussion of the main results of your analysis in Appendix 2. You may use subsections, tables etc. as you see fit.

Quote your results but do not include numerical calculations. These should be placed in Appendix.

(6 marks)

Summarise the aim of the section, and include clear answers to the questions addressed in Appendix 2. 

Describe your linear programming solution and discuss the results of your sensitivity analysis. Avoid using technical terms (e.g. shadow price, binding constraint etc) as much as possible, focusing instead on practical meaning of your results.

Is it optimal for The Treehouse Retreat to offer all three types of reservations? Make recommendations as appropriate.

Highlight and delete the above text before submission

[Click here and insert your report-style discussion of the matters addressed in Appendix 2]

3. Who relies on online reviews?

Highlight and delete this text before submission

Write a report-style discussion of the main results of your analysis in Appendix 3. You may use subsections, tables etc. as you see fit.

Include your results but do not include numerical calculations. These should be placed in Appendix.

(4 marks)

Summarise the aim of the section, and include clear answers to the questions addressed in Appendix 3.

Include a copy of your 100% stacked column chart and comment on its key features.

Use results of the probability calculations to explain the importance of online reviews to potential guests. Are there any age groups that stand out?

Highlight and delete the above text before submission

[Click here and insert your report-style discussion of the matters addressed in Appendix 3]

Conclusions and Recommendations

Highlight and delete this text before submission

(2 marks)

Conclusions:

Recommendations:

There is no word limit. As a guideline, one to three paragraphs will be sufficient.

Highlight and delete this text before submission

[Click here and insert the text for the Conclusions and Recommendations]

Appendix 1 (16 marks) Winning with wine tours?

Highlight and delete the problem text before submission.

Include full details of your working out in this appendix.

Guests staying at the The Treetop Retreat frequently ask about ways in which they can visit the nearby Margaret River wine region and surrounding attractions. George and Jane think this could be a profitable way in which to add to their income stream and are considering adding wine tours to their offering.

Jane is considering bus tours of three local wineries and some of the region’s tourist attractions. Tour companies in the region charge $105 per person for similar wine tours. Jane wants to see if a similar pricing scheme will work for The Treetop Retreat. She predicts that, on average, there will be eight passengers per tour and will base her decisions on this number.

Each of the wineries charge a tasting fee of $5 per person, but Jane believes that she can negotiate a 25% discount with each winery, based on bringing in more potential customers. Meals will be provided along the way at a cost of $32 per person. Jane estimates that the total distance travelled for the tour will be 140 km and is exploring options for providing transport.

  • (4 marks) The first option is to hire a minibus and driver from a local company. A twelve-seater minibus, with driver, can be hired for $590. Calculate the break-even number of passengers, entering your working out in EXCEL or Word. Would a profit or loss be made if eight people were on the tour? Calculate the profit or loss amount.
  • (6 marks) An alternative option is to hire a minibus from a local company. The daily rate is $80 for a twelve-seater minibus. The minibus is supplied with a full tank of fuel and must be returned with a full tank at the end. The first 100 km is included; thereafter it costs 20 cents per kilometre. The minibuses in the fleet have a fuel consumption of 12.6 L/100 km. The bus will be driven by George, or one of the other employees of The Treetop Retreat at a cost of $245 per tour. Would you expect the break-even number of passengers in this scenario to be greater or fewer than in the first scenario? Give clear reasons for your answer. Calculate the new break-even number of passengers. Use a fuel price of $1.75 per litre in your calculations. What is the profit or loss if eight people are on a tour?
  • (6 marks) For the better option, illustrate the break-even point using an Excel graph. Include a copy of your EXCEL graph in this Appendix. On your graph, identify the region corresponding to profits and the region corresponding to losses.

EXCEL Instructions: Create a column called Number of passengers and in that column enter values from 0 to 20 in increments of 1. Then create two more columns, one for Total Cost and another for Total Revenue. Enter appropriate formulae in EXCEL to obtain the total cost and total revenue corresponding to each value in the Number of passengers column. Highlight the resulting three sets of numbers and go to Insert à Charts àScatter to obtain a graph. Make sure that your graph has been labelled appropriately (i.e. title, axis labels, legend) and that your chart title includes your network ID (this is the first part of your uni email address, e.g. bloggsj002).

Highlight and delete the problem text before submission

Appendix 2 (16 marks) – Optimum mix of treehouse reservation packages

Highlight and delete the question text below before submission, but retain the questions labels, e.g.  (a), (b)

Include full details of your working out in this appendix.

George and Jane are thinking of introducing three reservation packages: Standard, Deluxe and Premium. Guests who choose a Deluxe package would be entitles to a free breakfast and have priority access to the newly installed wood fired spa. A Premium package would also include a free breakfast and priority access to the spa, plus a free wine tour. With 6 treehouses in total and assuming full occupancy, the maximum number of bookings per month is 180. Based on estimated demand, George and Jane would expect at most 150 Standard reservations per month, and a maximum of 30 Premium reservations per month. They would like to limit the total number of Deluxe and Premium reservations to 60. Each Standard reservation is expected to generate a profit of $25. Profits per night for Deluxe and Premium reservations are $35 and $40, respectively. George and Jane interested in maximising the monthly profit.

  • (4 marks) Formulate a linear programming model for The Treetop Retreat. In doing so, clearly indicate the following:
  • What are the decision variables? Define them precisely.
  • What is the objective? Using your decision variables, formulate the objective function.
  • What are the constraints? Using your decision variables, formulate these constraints.
  • (3 marks) Use EXCEL Solver to obtain a solution to the linear programming model from part (a), together with an Answer Report and a Sensitivity Report. Provide a copy of your EXCEL spreadsheet and of the two Solver reports in this Appendix.

EXCEL Instructions: All EXCEL output should bear your e-mail ID. To ensure this, you will need to save your EXCEL file as ‘E-mail ID The Treetop Retreat.xlsx’ BEFORE you run Solver. In addition, your constraint names should begin with your initials, e.g. MK_Total bookings.

Refer to Activity 4D and 4E for detailed instructions on how to set up your spreadsheet and use Solver. You can set up your own spreadsheet, or use the LP Solver template, available from the course learnonline website.

  • (3 marks) Suppose that the profit per Premium reservation turns out to be $38 instead of $40. Would the solution obtained in part (b) still be optimal? Which of the Solver reports helps you answer this question and how? How would the solution change, if at all? Explain briefly and include a copy of your new Answer Report ONLY, if needed to describe the outcome of the proposed change.
  • (3 marks) Return all parameters to their values from part (b). What if the profit per Deluxe reservation turns out to be $45 instead of $35? Would the solution obtained in part (b) still be optimal? Which of the Solver reports helps you answer this question and how? How would the solution change, if at all? Explain briefly and include a copy of your new Answer Report ONLY, if needed to describe the outcome of the proposed change.
  • (3 marks) Return all parameters to their values from part (b). Suppose that The Treetop Retreat increases the limit on Deluxe and Premium packages combined to 80. Would the solution obtained in part (b) still be optimal? Which of the Solver reports helps you answer this question and how? Explain briefly and attach your new Answer Report ONLY, if needed to describe the outcome of the proposed change.

Appendix 3 (8 marks) – Who checks online reviews?

Highlight and delete the question text below before submission, but retain the questions labels, e.g.  (a), (b)

Include full details of your working out in this appendix.

We all pay attention to reviews – both good and bad. A survey of TripAdvisor users[1] has revealed that online reviews remain a trusted source of information when booking trips. For accommodation bookings, 81% participating travellers reported reading reviews always or frequently before booking a place to stay. Moreover, many customers place guest ratings higher than a brand name and are willing to pay a bit more for positive guest reviews. This creates opportunities for independent accommodation businesses, and it is subject of extensive industry research.

In a recent survey, respondents were asked whether guest reviews are a deciding factor when choosing accommodation. Responses (Yes/No) of 700 randomly selected travellers have been summarised in the following table (Table 1):

GenerationYesNoTotal
Boomers (58-67 years old)44106150
Gen X (42-57 years old)9575170
Millennials (26-41 years old)16436200
Gen Z (10-25 years old)14634180
Total449251700

Table 1: Summary of responses to the survey question about using guest reviews.

  • Use EXCEL to obtain a 100% stacked column chart for the data from Table 1. Include a copy of your chart in this Appendix.

EXCEL Instructions:

Refer to Activity 5C for instructions on how to obtain 100% stacked column chart. Please make sure that the title of your chart ends with your network ID (e.g. Survey question responses by generation bloggsj001).

  • What is the probability that a respondent uses guest reviews to decide whether to book accommodation? Include an appropriate probability statement with your calculation.
  • What is the probability that a respondent uses guest reviews as a deciding factor when looking for a place to stay, if they are:

Include an appropriate probability statement with each calculation.


Order Now

Get expert help for George and Jane Forrester, owners and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (June 26, 2024) George and Jane Forrester, owners. Retrieved from https://universalassignment.com/george-and-jane-forrester-owners/.
"George and Jane Forrester, owners." Universal Assignment - June 26, 2024, https://universalassignment.com/george-and-jane-forrester-owners/
Universal Assignment August 6, 2023 George and Jane Forrester, owners., viewed June 26, 2024,<https://universalassignment.com/george-and-jane-forrester-owners/>
Universal Assignment - George and Jane Forrester, owners. [Internet]. [Accessed June 26, 2024]. Available from: https://universalassignment.com/george-and-jane-forrester-owners/
"George and Jane Forrester, owners." Universal Assignment - Accessed June 26, 2024. https://universalassignment.com/george-and-jane-forrester-owners/
"George and Jane Forrester, owners." Universal Assignment [Online]. Available: https://universalassignment.com/george-and-jane-forrester-owners/. [Accessed: June 26, 2024]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Categories

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to info@universalassignment.com . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

Your Premier Data Science Assignment Help Service Globally

Are you struggling with your Master of Data Science assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of your

Read More »

Your Trusted Computer Science Assignment Help Service Globally

Are you struggling with your Master of Computer Science assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of your

Read More »

Your Best Public Health Assignment Help Service Globally

Are you struggling with your Master of Public Health (MPH) assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of

Read More »

Your Trusted Finance Assignment Help Service Globally

Are you struggling with your Master of Finance assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of your finance

Read More »

Your Best Artificial Intelligence Assignment Help Service Globally

Are you struggling with your Master of Artificial Intelligence assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of your

Read More »

Your Most Trusted Cybersecurity Assignment Help Service Globally

Are you struggling with your Master of Cybersecurity assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of your cybersecurity

Read More »

Your Top Supply Chain Management Assignment Help Service Globally

Are you struggling with your Master of Supply Chain Management assignments? Look no further than Universal Assignment Solutions, the best assignment help service globally. Our dedicated team of experts is here to support you through your academic journey, ensuring you achieve the highest grades and grasp the essential concepts of

Read More »

Your Top Environmental Science Assignment Help Service Globally

Are you grappling with your Master of Environmental Science assignments? Look no further than Universal Assignment Solutions, the leading assignment help service globally. Our dedicated team of experts is committed to guiding you through your academic journey, ensuring you excel in your studies and gain a deep understanding of environmental

Read More »

Assignment help in Hospitality Management and Tourism from PhD experts

Welcome to Universal Assignment Solutions, your dedicated partner in achieving academic success in hospitality management and tourism. We specialize in providing tailored support to students pursuing studies in these dynamic fields. Whether you need assistance with homework, essay writing, assignments, dissertations, thesis development, or comprehensive research projects, Universal Assignment Solutions

Read More »

Score good marks in Agricultural Science Assignment

Excel in Agricultural Science with Universal Assignment Solutions Welcome to Universal Assignment Solutions, your dedicated partner in achieving academic excellence in agricultural science. We specialize in providing personalized support to students pursuing studies in this vital field. Whether you need assistance with homework, essay writing, assignments, dissertations, thesis development, or

Read More »

Good Grades in Environmental Science Assignment

Welcome to Universal Assignment Solutions, your trusted partner in achieving academic excellence in environmental science. We specialize in providing tailored support to students pursuing studies in this critical field. Whether you need assistance with homework, essay writing, assignments, dissertations, thesis development, or comprehensive research projects, Universal Assignment Solutions is committed

Read More »

Enhance Your Assignment Grade with Early Childhood Education Support

Welcome to Universal Assignment Solutions, your dedicated partner in achieving academic excellence in early childhood education. We specialize in providing personalized support to students navigating the foundational stages of learning. Whether you require assistance with homework, essay writing, assignments, dissertations, thesis development, or comprehensive research projects, Universal Assignment Solutions is

Read More »

Best Assignment help in Secondary Education

Welcome to Universal Assignment Solutions, your dedicated partner in achieving academic excellence in secondary education. We specialize in providing tailored support to students navigating the challenges of secondary education studies. Whether you need assistance with homework, essay writing, assignments, dissertations, thesis development, or comprehensive research projects, Universal Assignment Solutions is

Read More »

Unlocking Academic Success in Elementary Education with Universal Assignment Solutions

Welcome to Universal Assignment Solutions, your trusted partner in achieving academic excellence in elementary education. We specialize in providing tailored support to students navigating the complexities of elementary education studies. Whether you require assistance with homework, essay writing, assignments, dissertations, thesis development, or comprehensive research projects, Universal Assignment Solutions is

Read More »

Your Premier Source for Education Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in education. We specialize in a wide range of services designed to support students pursuing studies in education. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions, Universal Assignment Solutions

Read More »

Your Premier Source for Linguistics Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in linguistics education. We specialize in a wide range of services designed to support students pursuing studies in linguistics. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions, Universal Assignment

Read More »

Universal Assignment Solutions: Your Premier Source for Philosophy Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in philosophy education. We specialize in a wide range of services designed to support students pursuing studies in philosophy. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions, Universal Assignment

Read More »

Your Best Source for History Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in history education. We specialize in a wide range of services designed to support students pursuing studies in history. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions, Universal Assignment

Read More »

Your Premier Source for Animation Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in animation education. We specialize in a wide range of services designed to support students pursuing studies in animation. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions, Universal Assignment

Read More »

Your Premier Source for Game Design Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in game design education. We specialize in a wide range of services designed to support students pursuing studies in game design. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions,

Read More »

Your Premier Source for Industrial Design Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in industrial design education. We specialize in a wide range of services designed to support students pursuing studies in industrial design. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions,

Read More »

Your Premier Source for Graphic Design Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in graphic design education. We specialize in a wide range of services designed to support students pursuing studies in graphic design. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions,

Read More »

Your Best Source for Creative Writing Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in creative writing education. We specialize in a wide range of services designed to support students pursuing studies in creative writing. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions,

Read More »

Your Top Source for Film and Television Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in film and television studies. We specialize in a wide range of services designed to support students pursuing studies in film and television. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive

Read More »

Your Trusted Source for Digital Media Assignment Help

Welcome to Universal Assignment Solutions, your ultimate destination for academic excellence in digital media education. We specialize in a wide range of services designed to support students pursuing studies in digital media. Whether you need assistance with homework, essay writing, assignment help, dissertation support, thesis creation, or comprehensive research solutions,

Read More »

Can't Find Your Assignment?

Open chat
1
Free Assistance
Universal Assignment
Hello 👋
How can we help you?