Full exam for Operations Management in the Management Engineering degree programme at Politecnico di Milano. The document covers: Exercise 1 Asset Co. is organizing a special theatre event in Sol city. The capacity of the theatre is 1000 seats. Asset Co. wants to maximize the revenue from this event so it decided to offer two different tickets: a discounted price ticket that people can buy from 100 days to
Full exam for Operations Management in the Management Engineering degree programme at Politecnico di Milano. The document covers: Exercise 1 Asset Co. is organizing a special theatre event in Sol city. The capacity of the theatre is 1000 seats. Asset Co. wants to maximize the revenue from this event so it decided to offer two different tickets: a discounted price ticket that people can buy from 100 days to
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Exercise 1 Asset Co. is organizing a special theatre event in Sol city. The capacity of the theatre is 1000 seats. Asset Co. wants to maximize the revenue from this event so it decided to offer two different tickets: a discounted price ticket that people can buy from 100 days to 35 days before the event at 200€ and a full price ticket that people can buy from 34 days to the day before the event at 400€. The company certainly fills the theatre selling only discounted ticket. The demand of full price tickets follows a normal distribution with mean 300 and the probability of 20% that the demand is lower than 200. The company will offer a welcome “aperitivo” to all the people that will participate to the event: the Asset Co. will pay the catering compan y 20€ /person in advance (as a non -refundable commitment to the catering company) and other 25€/person, after the event, only per each person that actually enjoyed the aperitivo. The company will offer to full price ticket buyers also a dinner in a famous restaurant of Sol city: the company will pay the restaurant two weeks before the event. The cost of the dinner is 60€/person. To all the participants the company will give the program of the theatre event and a special coin of the event. Each program costs 10 € and the programs are offered and provided by a sponsor to Asset Co. The company will give two different kind s of coin: a silver coin to full price ti cket that costs 35€ and a copper coin to discounted price ticket that costs 15€. All the coins will be ordered and paid by Asset Co. two weeks before the event. The company will give to full price tickets buyer a gadget of the Theatre event: gadgets will be paid one week before the event, respectively 12€ each. The company has rented the theatre for 30000€ and bought…
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