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A 30,000 seat college football stadium is used 20 times for games, concerts, and graduation cerimonies. Each event average 4 hours, and assume the stadium is full for each event. The stadium is is available for 365 days a year from 6am to midnight. Find the stadium seat utilization. Can you tink of one or two other assets that have such a low resource utilization?

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gkosworldreign

Answer:

1.1%

Explanation:

Total number of hours = 365 * 18

                                     = 6570 hours

Total number of hours for each available seats = 6570 * 30000

= 197100000 hours

Total number of hours of the stadium usage  = 4 * 18

                                     = 72 hours

Total number of hours for the seats being used= 72 * 30000

= 2160000 hours

Utilization Rate = Total number of hours of usage/ Total available hours

= 2160000/197100000 = 0.011

= 1.1%
  • The calculation is as follows:

Utilization percentage is given by

= Hours actually used or worked ÷Total available hours

 The total available hours in a year is

= 365(18)

= 6570 hours

Now  

Total available seat hours = Number of seats × Number of hours of stadium availability

= 6570 ×30000 hours

Now  

Total games or events in a year = 20

Hours per game = 4

SO, the Total hours stadium was used = 80 hours

Now  

Total used seat hours = 80 × 30000 hours

Now  

Utilization = (80 × 30000) ÷ (6570 × 30000)

= 1.22%

The two resource allocation is  

  • Wedding halls.
  • Resiliency site in an investment in the back office of the bank.

Learn more: brainly.com/question/6201432

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