SSESSMENT 2 BRIEF
\nSubject Code and Title HFR603 Hotel Finance and Revenue
\nAssessment Revenue Management Scenario Assessment
\nIndividual\/Group Individual
\nLength 1,500 words (+\/- 10%)
\nLearning Outcomes The Subject Learning Outcomes demonstrated by successful completion of the task below include:
\na) Generate, analyse and critically evaluate financial information for improved business decision-making.
\nb) Compose recommendations to achieve revenue management targets.
\nc) Critically evaluate the operational requirements of revenue management.
\nSubmission Due by 11:55 PM AEST\/AEDT\/ACST\/ACDT Sunday (Week 8)
\nWeighting 30%
\nTotal Marks 100 marks
\nTask Summary
\nThis task will present a set of data of revenue-related content. Students will be required to analyse and evaluate the content, and offer recommendations. The data set might cover any topic (sample nursing essay examples by the best nursing assignment writing service) areas covered in the lectures and tutorials of the previous weeks and any readings given in the previous topic (sample nursing essay examples by the best nursing assignment writing service)s. Students will be required to write a 1,500-word report in Week 8.
\nContext
\nRevenue Management takes its roots in understanding, analysing and evaluating data to make decisions. The RM scenario Assessments is an assignment which will allow students a hands-on experience with RM data. It will help you to understand what RM is, what its main functions are and how these are used in hotels today. With this knowledge in hand, you will become more versed in this interdepartmental topic (sample nursing essay examples by the best nursing assignment writing service) and be able to see its application in any hotel department. You must demonstrate strong research skills, as well as critical thinking and analysis.
\nTask Instructions
\nPlease refer to the data set handout provided to prepare your Revenue Management Scenario Assessment.
\nWhen analysing and evaluating the data set, ensure to show how the data is positive, negative or with no impact to the scenario hotel.
\nYou must also provide recommendations for the scenario hotel on how to improve the data set provided, into generating further revenues. Refer to your handout to know how many recommendations are necessary and for which aspects of the data set.
\nThe recommended structure of the report is as follow:
\n\u2022 Introduction \u2013 introduce the context, key problem identified and report plan.
\n\u2022 Analysis \u2013 describe and explain the data set and its main positive\/negative issues.
\n\u2022 Assessment \u2013 defend your own perspective on the scenario hotel\u2019s performance.
\n\u2022 Recommendations \u2013 use the SMART acronym to ensure actionable recommendations.
\n\u2022 Conclusion \u2013 summarise the scenario, key problem identified and key recommendation.
\n\u2022 References
\n\u2022 Appendices \u2013 to show calculations.
\nReferencing
\nYou must refer to a minimum of 8 academic articles, plus others as required, in order to show competency in the assessment. Blogs and other unverifiable sources will not count as references. It is essential that you use appropriate APA style for citing and referencing research. Please see more information on referencing here in the Academic Writing Guide found via the Academic Skills website.
\nSubmission Instructions
\n1. Typed and formatted following the Assessment Structure Style Guide and uploaded to BlackBoard on the due date.
\n2. To be submitted in electronic form as a word-processed file to BlackBoard.
\nPDF-PROCESSED FILES WILL INCUR AN AUTOMATIC FAIL WITH A ZERO GRADE.
\n3. All referencing must be in accordance with the Academic Writing Guide: APA 7th Edition on SharePoint.
\n4. A TUA cover sheet to be attached to your paper (Individual cover sheet).
\n5. The total word count, excluding references and appendices, must be within 10% (+\/-) of the assessment word count.
\nAcademic Integrity
\nAll students are responsible for ensuring that all work submitted is their own and is appropriately referenced and academically written according the Academic Writing Guide. Students also need to have read and be aware of Torrens University Australia Academic Integrity Policy and Procedure and subsequent penalties for academic misconduct. These are viewable online.
\nStudents also must keep a copy of all submitted material and any assessment drafts.
\nAssessment Rubric
\nAssessment Attributes Fail
\n(Yet to achieve minimum standard) 0-49% Pass
\n(Functional)
\n50-64% Credit
\n(Proficient) 65-74% Distinction
\n(Advanced)
\n75-84% High Distinction
\n(Exceptional)
\n85-100%
\nCalculation (accuracy & level of completion)
\nPercentage for this criterion = 10%
\nLess than 50% of calculations are successfully completed.
\nCalculations steps required in questions are inadequate and unclear.
\n50% of calculations are successfully completed.
\nCalculation steps required in questions are adequate, but not entirely clear.
\n65-75% of calculations are successfully completed.
\nCalculation steps required in questions are clear.
\n75 – 84% of calculations are successfully completed.
\nCalculation steps required in questions demonstrate a clear knowledge of formulae.
\n85-100% of calculations are successfully completed.
\nCalculation steps required in questions demonstrate a clear and thorough knowledge of formulae and rounding.
\nAnalysis and application with synthesis of new
\nknowledge
\nPercentage for this
\ncriterion = 25%
\nLimited synthesis and analysis.
\nLimited application\/ recommendations based upon analysis.
\nDemonstrated analysis and synthesis of new knowledge with application.
\nShows the ability to interpret relevant information and literature.
\nWell-developed analysis and synthesis with application of recommendations linked to analysis\/synthesis.
\nThoroughly developed and creative analysis and synthesis with application of pretested models and \/ or independently developed models and justified recommendations linked to analysis\/synthesis.
\nHighly sophisticated and creative analysis, synthesis of new with existing knowledge.
\nStrong application by way of pretested models and \/ or independently developed models. Recommendations are
\nclearly justified based on the analysis\/synthesis. Applying knowledge to new situations\/other cases.
\nAssessment (defence of own perspective on positive\/negative performance of business)
\nPercentage for this criterion = 25%
\nMinimal to no Assessment of RM scenario.
\nLimited understanding of key concepts required to support the case study.
\nConfuses logic and emotion. Information taken from reliable sources but without a coherent analysis or synthesis.
\nViewpoints of experts are taken as fact with little questioning.
\nLimited synthesis and Assessment of RM scenario. Some use of RM concepts and illustrations.
\nResembles a recall or summary of key ideas.
\nOften conflates\/confuses assertion of personal opinion with information substantiated by evidence from the research\/course materials.
\nAnalysis and Assessment do not reflect expert judgement, intellectual independence, rigour and adaptability.
\nCan synthesise and
\nevaluate RM scenario using RM concepts and illustrations, though often not related to the topic (sample nursing essay examples by the best nursing assignment writing service) at hand.
\nSupports personal opinion and information substantiated by evidence from the research\/course materials.
\nDemonstrates a capacity to explain and apply relevant concepts.
\nIdentifies logical flaws.
\nQuestions viewpoints of experts.
\nCan synthesise and defend own position of the RM scenario, using RM concepts and illustrations, often related to the topic (sample nursing essay examples by the best nursing assignment writing service) at hand.
\nDiscriminates between assertion of personal opinion and information substantiated by robust evidence from the research\/course materials and extended reading.
\nWell demonstrated capacity
\nto explain and apply relevant concepts.
\nViewpoint of experts are subject to questioning.
\nAnalysis and Assessment reflect growing judgement, intellectual independence, rigour and adaptability.
\nCan analyse, synthesise and defend own position on RM scenario, using RM concepts and illustrations relevant to the topic (sample nursing essay examples by the best nursing assignment writing service).
\nSystematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research\/course materials and extended reading.
\nInformation is taken from sources with a high level of interpretation\/Assessment to develop a comprehensive critical analysis or synthesis.
\nIdentifies gaps in knowledge.
\nExhibits intellectual independence, rigour, good
\njudgement and adaptability.
\nRecommendations (application of RM concepts)
\nPercentage for this
\ncriterion = 30%
\nNo recommendations, unfeasible or non-viable recommendations, or undeveloped recommendations.
\nRecommendations are underdeveloped and show limited application of the data analysis.
\nRecommendations are
\nlinked to the data analysis, but could be developed in more depth.
\nJustified recommendations linked to analysis.
\nRecommendations are
\nclearly justified based on the analysis. Applying knowledge to new situations\/other cases.
\nEffective
\nCommunication
\n(Written)
\nPercentage for this
\ncriterion = 10%
\nPresents information.
\nSpecialised language and terminology is rarely or inaccurately employed.
\nMeaning is repeatedly obscured by errors in the communication of ideas, including errors in structure, sequence, spelling, grammar, punctuation and\/or the acknowledgment of sources.
\nDemonstrates inconsistent use of good quality, credible and relevant resources to support and develop ideas.
\nReferencing is omitted or does not resemble APA.
\nCommunicates in a readable manner that largely adheres to the given format.
\nGenerally employs specialised language and terminology with accuracy.
\nMeaning is sometimes difficult to follow.
\nInformation, arguments and evidence are structured and sequenced in a way that is not always clear and logical.
\nSome errors are evident in spelling, grammar and\/or punctuation.
\nDemonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well developed.
\nCommunicates in a coherent and readable manner that adheres to the given format.
\nAccurately employs specialised language and terminology.
\nMeaning is easy to follow. Information, arguments and evidence are structured and sequenced in a way that is clear and logical.
\nOccasional minor errors
\npresent in spelling, grammar and\/or punctuation.
\nDemonstrates use of credible resources to support and develop ideas.
\nReferencing resembles APA, with occasional errors.
\nCommunicates coherently and concisely in a manner that adheres to the given format.
\nAccurately employs a wide range of specialised language and terminology.
\nEngages audience interest. Information, arguments and evidence are structured and sequenced in a way that is, clear and persuasive.
\nSpelling, grammar and punctuation are free from errors.
\nDemonstrates use of good quality, credible and relevant resources to support and develop arguments and statements.
\nCommunicates eloquently. Expresses meaning coherently, concisely and creatively within the given format.
\nDiscerningly selects and precisely employs a wide range of specialised language and terminology.
\nEngages and sustains audience\u2019s interest. Information, arguments and evidence are insightful, persuasive and expertly presented.
\nSpelling, grammar and punctuation are free from errors.
\nDemonstrates use of highquality, credible and relevant resources to support and develop
\nReferencing resembles APA, with frequent or repeated errors. APA referencing is free from errors.
\narguments and position statements.
\nAPA referencing is free from errors.
\nThe following Subject Learning Outcomes are addressed in this assessment
\nSLO a) Generate, analyse and critically evaluate financial information for improved business decision-making.
\nSLO b) Compose recommendations to achieve revenue management targets.
\nSLO c) Critically evaluate the operational requirements of revenue management.<\/p>\n","protected":false},"excerpt":{"rendered":"
SSESSMENT 2 BRIEF Subject Code and Title HFR603 Hotel Finance and Revenue Assessment Revenue Management Scenario Assessment Individual\/Group Individual Length 1,500 words (+\/- 10%) Learning\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8773,8771,8772,8770,8775,8776,7685,8774,8769],"tags":[1400,613,142,7594,1394,7598,7595,7593,7597,7599,7601,7590,7596,133,7655,7656,7591,7592],"class_list":["post-91986","post","type-post","status-publish","format-standard","hentry","category-all-assignment-help","category-assessment-help-online","category-assessment-help-online-in-australia","category-assessments-help","category-australia-assignment-help","category-instant-assignment-help","category-my-assignment-help","category-sample-assignment-help","category-thesis-help","tag-best-custom-essay-writing-services","tag-best-dissertation-writing-services-uk","tag-best-online-essay-writing-services","tag-cheap-custom-essay-writing-services","tag-custom-research-paper-writers","tag-custom-research-papers-writing-service","tag-essay-writer-websites","tag-essay-writing-service-quality-cheap","tag-free-research-paper-writing-service","tag-help-me-write-a-research-paper","tag-i-need-help-with-my-dissertation","tag-professional-dissertation-writing-service","tag-quick-essay-writing-service","tag-research-paper-writing-service-cheap","tag-service-writing-my-essay-write-custom","tag-someone-to-write-my-paper","tag-top-rated-dissertation-writing-services","tag-top-uk-dissertation-writing-services"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/91986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=91986"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/91986\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=91986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=91986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=91986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}