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Explore the management dilemma of initiating and operating a plate lunch business at the former Old Waialae Drive-in location. The study collects data using various tools like Poisson Distribution, Break-Even Analysis, and Simulation to tackle staffing, pricing, and profitability issues. Understand the feasibility, make informed decisions, and plan future investigations.
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Kapahulu Restaurant Study by Chris Gilding David Main Rose-Marie Mercer
Management Dilemma Should a plate lunch business be initiated and operated at the location of the former Old Waialae Drive-in?
Data Collection • Collection method • Locations • Time period • What was collected
Tools Used in Analysis • Poisson Distribution • Break-Even Analysis • Simulation • PERT
Staffing Issues • Wages • Scheduling • Health Insurance • Retirement plans • Training
Simulation of Sales • Tabulated attributed data • Probability % by using the classical method • Results • Validation
Profit Feasibility • Pricing - average comp. price • Variable Cost - Supply Costs • Fixed Cost • Break-Even Analysis • Poisson Distribution
Conclusion • Viable? • Changes? • Future Investigations?