Business Decision Making: Analyzing Murano Restaurant's Performance

This report analyzes business decision-making within Murano Restaurant, focusing on customer frequency, service quality, and sales trends. Survey results indicate that most customers visit the restaurant twice a month and perceive the service quality as high. Trend analysis projects continued sales growth, estimating a future sale of £125,000. The report also includes a Gantt chart and network diagram, identifying a critical path of 22 days for project activities, emphasizing the importance of timely completion to avoid cost increases. Statistical tools are recommended for more reliable predictions. Desklib provides access to similar solved assignments and past papers for students.

BUSINESS DECISION
MAKING

What is the frequency of eating food in the Murano restaurant from the last 6
months in the current year?
2 4 5 Greater then 5 times
0
5
10
15
20
25
30
35
30
7 6 7
Series1

Interpretation
Results are reflecting that most of people visit two times
Murano restaurant as out of 50 there are 30 people that
accept mentioned statements. There are 7 respondents
who visit restaurant 4 times followed by 6 respondents
that visit restaurant 5 times in a month. It can be said that
most of people visit Murano restaurant 2 time in the
month.

Our restaurant is making available high quality of
facilities to the customers in the premises?
Strongly agree
Agree
Neutral
Disagree
Strongly disagree
0 5 10 15 20 25
20
10
5
10
5
Series1

Interpretation
Results reflects that restaurant is making available high
quality of services to the people. 20 respondents out of 50
are strongly agree with the face and 10 are agree on same.
5 respondents are neutral and 10 are disagree followed by
5 are strongly disagree on same statement. It can be said
that restaurant is giving good services to the customers.

Trend analysis chart
1 2 3 4 5
0
20000
40000
60000
80000
100000
120000
140000
f(x) = 13000 x + 51000
Series1
Linear (Series1)

Interpretation
Results are indicating that sales of the firm is growing
consistently and in upcoming time period also its growth
rate will be same in terms of value. Trend line is not
crossing last bar which means that in the upcoming time
period also firm will make sale of £1, 25,000 in its
business. In order to make reliable prediction firm can
make use of other statistical tools and can make decisions
on basis of same.

GANTT chart

Network diagram

Interpretation
Network diagram is the one of the most important method
that is used in the project planning and implementation. It
can be seen from the chart that critical path is 1+5+8+9=
22 days. This means that mentioned activities cannot be
delayed. Those activities that are not in critical path can be
delayed or can be performed latter then planned time.
Means that project manager must ensure that activities
that are in critical path are not delayed. If same will not be
done then in that case project cost will increase at rapid
rate.

REFERENCES
Ranyard, J.C., Fildes, R. and Hu, T.I., 2015. Reassessing the
scope of OR practice: The influences of problem structuring
methods and the analytics movement. European Journal of
Operational Research. 245(1). pp.1-13.
Wilder, C.R. and Ozgur, C.O., 2015. Business analytics
curriculum for undergraduate majors. INFORMS Transactions
on Education. 15(2). pp.180-187.
Zhou, L. and et.al., 2014. High abundance and diversity of
nitrite-dependent anaerobic methane-oxidizing bacteria in a
paddy field profile. FEMS microbiology letters. 360(1).
pp.33-41.

THANK YOU