Two weeks after New Orleans was devastated by Hurricane Katrina, you made the decision to postpone the conference and select a different city to hold the conference Based on your initial objectives and a survey you took of the registered attendees, you created the following consequence table based on the information available ALTERNATIVES Cancel conference for this yearâ€”schedule for next year Keep in New Orleans, but schedule for a later date (when the hotels re-open) Keep same dates, but move to another city Move to another city and schedule for a later date OBJECTIVES Maximize attendance Does not meet objectiveSenior management stated that cancelling is not an option Does not meet objectiveUncertainty on when New Orleans will be back in business is too far off Does not meet objectiveCost and logistics of finding a new location and getting attendees to change flights with such short notice is cost prohibitive Meets objectiveIn a survey of attendees, they would be willing to look at a new date in October and were most interested in Las Vegas, Chicago, or New York as alternative sites Keep conference costs at current level Does not meet objectiveRefunding registration fees would cause a loss for conference Does not meet objectiveBecause of uncertainty with city, the registration fees would need to be refunded Does not meet objectiveConference would lose money and incur additional costs for last minute scheduling Meets objectiveA preliminary survey shows that costs would be similar to current budget From the survey, you found out that the attendees were willing to still come to the conference and suggested three cities as possible new locations for this yearâ€™s event Chicago Las Vegas New York City As you move forward in locating available hotels and conference facilities, you formulate the following objectives to select which cities will be best to hold the rescheduled conference Airfare (the estimated average round trip cost of the attendees) Hotel Room Rate (the nightly rate the attendees will pay during the conference) Conference Costs (the costs you will incur for meeting facilities, reception, registration, etc) Survey Response (you want to factor in how the cities were ranked based on the survey you conducted) Because the budget is tight, you feel that the Conference Cost objective is twice as important as the other three objectives Based on your research, here is the information you gathered on the cities the user group was interested in New Orleans(Not applicable, but used to compare original costs of conference) Average Airfare: $300 to $400 (Round trip cost per person) Hotel Room Rate: $14900 (Conference rate per room per night) Conference Costs: $16,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank Not Applicable Chicago Average Airfare: $200 to $300 (Round trip cost per person) Hotel Room Rate: $14900 (Conference rate per room per night) Conference Costs: $25,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 1 New York Average Airfare: $300 to $400 (Round trip cost per person) Hotel Room Rate: $34900 (Conference rate per room per night) Conference Costs: $20,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 2 Las Vegas Average Airfare: $200 to $300 (Round trip cost per person) Hotel Room Rate: $16900 (Conference rate per room per night) Conference Costs: $15,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 3 MGMT530 – Conference Decision Case, Part 2 Using this information, create the following A consequence table A weighted scoring model Are there any dominated alternatives that can be eliminated? Are there any even swaps? For additional resources pertaining to this assignment, please review the Building a Weighted Scoring Model Video found under the Week 3 Lecture Tab and the Conference Decision Case, Part 2 Video below A weighted scoring example is located in Files under the name Sample Decision Problem

Two weeks after New Orleans was devastated by Hurricane Katrina, you made the decision to postpone the conference and select a different city to hold the conference Based on your initial objectives and a survey you took of the registered attendees, you created the following consequence table based on the information available ALTERNATIVES Cancel conference for this yearâ€”schedule for next year Keep in New Orleans, but schedule for a later date (when the hotels re-open) Keep same dates, but move to another city Move to another city and schedule for a later date OBJECTIVES Maximize attendance Does not meet objectiveSenior management stated that cancelling is not an option Does not meet objectiveUncertainty on when New Orleans will be back in business is too far off Does not meet objectiveCost and logistics of finding a new location and getting attendees to change flights with such short notice is cost prohibitive Meets objectiveIn a survey of attendees, they would be willing to look at a new date in October and were most interested in Las Vegas, Chicago, or New York as alternative sites Keep conference costs at current level Does not meet objectiveRefunding registration fees would cause a loss for conference Does not meet objectiveBecause of uncertainty with city, the registration fees would need to be refunded Does not meet objectiveConference would lose money and incur additional costs for last minute scheduling Meets objectiveA preliminary survey shows that costs would be similar to current budget From the survey, you found out that the attendees were willing to still come to the conference and suggested three cities as possible new locations for this yearâ€™s event Chicago Las Vegas New York City As you move forward in locating available hotels and conference facilities, you formulate the following objectives to select which cities will be best to hold the rescheduled conference Airfare (the estimated average round trip cost of the attendees) Hotel Room Rate (the nightly rate the attendees will pay during the conference) Conference Costs (the costs you will incur for meeting facilities, reception, registration, etc) Survey Response (you want to factor in how the cities were ranked based on the survey you conducted) Because the budget is tight, you feel that the Conference Cost objective is twice as important as the other three objectives Based on your research, here is the information you gathered on the cities the user group was interested in New Orleans(Not applicable, but used to compare original costs of conference) Average Airfare: $300 to $400 (Round trip cost per person) Hotel Room Rate: $14900 (Conference rate per room per night) Conference Costs: $16,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank Not Applicable Chicago Average Airfare: $200 to $300 (Round trip cost per person) Hotel Room Rate: $14900 (Conference rate per room per night) Conference Costs: $25,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 1 New York Average Airfare: $300 to $400 (Round trip cost per person) Hotel Room Rate: $34900 (Conference rate per room per night) Conference Costs: $20,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 2 Las Vegas Average Airfare: $200 to $300 (Round trip cost per person) Hotel Room Rate: $16900 (Conference rate per room per night) Conference Costs: $15,000 (Meeting rooms, reception, refreshments, registration materials, etc) Survey Rank 3 MGMT530 – Conference Decision Case, Part 2 Using this information, create the following A consequence table A weighted scoring model Are there any dominated alternatives that can be eliminated? Are there any even swaps? For additional resources pertaining to this assignment, please review the Building a Weighted Scoring Model Video found under the Week 3 Lecture Tab and the Conference Decision Case, Part 2 Video below A weighted scoring example is located in Files under the name Sample Decision Problem

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

	ALTERNATIVES
Cancel conference for this yearâ€”schedule for next year	Keep in New Orleans, but schedule for a later date (when the hotels re-open)	Keep same dates, but move to another city	Move to another city and schedule for a later date
OBJECTIVES	Maximize attendance	Does not meet objectiveSenior management stated that cancelling is not an option	Does not meet objectiveUncertainty on when New Orleans will be back in business is too far off	Does not meet objectiveCost and logistics of finding a new location and getting attendees to change flights with such short notice is cost prohibitive	Meets objectiveIn a survey of attendees, they would be willing to look at a new date in October and were most interested in Las Vegas, Chicago, or New York as alternative sites
Keep conference costs at current level	Does not meet objectiveRefunding registration fees would cause a loss for conference	Does not meet objectiveBecause of uncertainty with city, the registration fees would need to be refunded	Does not meet objectiveConference would lose money and incur additional costs for last minute scheduling	Meets objectiveA preliminary survey shows that costs would be similar to current budget

From the survey, you found out that the attendees were willing to still come to the conference and suggested three cities as possible new locations for this yearâ€™s event

Chicago
Las Vegas
New York City

As you move forward in locating available hotels and conference facilities, you formulate the following objectives to select which cities will be best to hold the rescheduled conference

Airfare (the estimated average round trip cost of the attendees)
Hotel Room Rate (the nightly rate the attendees will pay during the conference)
Conference Costs (the costs you will incur for meeting facilities, reception, registration, etc)
Survey Response (you want to factor in how the cities were ranked based on the survey you conducted)

Because the budget is tight, you feel that the Conference Cost objective is twice as important as the other three objectives

Based on your research, here is the information you gathered on the cities the user group was interested in

New Orleans(Not applicable, but used to compare original costs of conference)

Average Airfare:	$300 to $400 (Round trip cost per person)
Hotel Room Rate:	$14900 (Conference rate per room per night)
Conference Costs:	$16,000 (Meeting rooms, reception, refreshments, registration materials, etc)
Survey Rank	Not Applicable

Chicago

Average Airfare:	$200 to $300 (Round trip cost per person)
Hotel Room Rate:	$14900 (Conference rate per room per night)
Conference Costs:	$25,000 (Meeting rooms, reception, refreshments, registration materials, etc)
Survey Rank	1

New York

Average Airfare:	$300 to $400 (Round trip cost per person)
Hotel Room Rate:	$34900 (Conference rate per room per night)
Conference Costs:	$20,000 (Meeting rooms, reception, refreshments, registration materials, etc)
Survey Rank	2

Las Vegas

Average Airfare:	$200 to $300 (Round trip cost per person)
Hotel Room Rate:	$16900 (Conference rate per room per night)
Conference Costs:	$15,000 (Meeting rooms, reception, refreshments, registration materials, etc)
Survey Rank	3

MGMT530 – Conference Decision Case, Part 2

Using this information, create the following

A consequence table
A weighted scoring model

Are there any dominated alternatives that can be eliminated? Are there any even swaps?

For additional resources pertaining to this assignment, please review the Building a Weighted Scoring Model Video found under the Week 3 Lecture Tab and the Conference Decision Case, Part 2 Video below A weighted scoring example is located in Files under the name Sample Decision Problem

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