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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Business

Zander Chen

23 August, 01:51

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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Answers (1)

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Tripp Levine · Answer 1

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%