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final_projects

The simulation scenario is that we plan to construct a hotel in New York city. So we want to estimate the overall profit level of all the hotels in New York and find out what variables will have influence on the profit.

Variables:

1. Location of the hotel

This variable will influence the number of guests, since different tracts has different population.
This variable will also influence the cost of constructing a hotel.

2. The price level

This variable will fluctuate in a certain time span, and we can get the statistical distribution from 
real-world datasets.

3. The number of hotel rooms

We will consider the cost and profit of the rooms. (when the room number is more than the guest number 
or the opposite)

4. Whether we have shuttle service

 We will consider the human cost of shuttle service , and the guest number it will increase (we suppose 
 that only in holiday we can pick much more guest at nearby airport)

Hypothesis:

1. The closer to the city center, the more profit we can get.
2. Time will have influence of the overall price level.
3. High frequency of shuttle service will increase hotel profit.
4. The profit of different hotels will satisfy with normal distribution

File Introduction:

Reference directory includes materials we made reference to.
Simulation directory includes our simulation model.
Result directory includes our simulation results.

Appendix:

Sophia Fan- [email protected]
1. Write project proposal
2. Look up reports and literatures to set up the simulation model
3. Write hotel, shuttle class and cost calculation function for overall simulation model
4. Do time simulation and distance simulation
Linyao Li- [email protected]
1. Look up reports and literatures to set up the simulation model
2. Write getBookedRoom function and revenue calculation function for overall simulation model
3. Do profit distribution simulation and shuttle frequency simulation
4. Write and compile the docstrings and doctests.

final_projects's People

Contributors

sophia-xxx avatar xiaoyemo880818 avatar lly0203 avatar ybull avatar

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