Consumer Maths in Travel and Lodging
Introduction
I decided to travel to Paris for a friends’ trip to tour the beautiful country of France. What came to my mind was my finances and how I would align my pocket with reality to enjoy the trip. In this context, I have to use my mathematical skills to help me develop a reasonable budget that will enable me to go and come back home without a financial crisis or going bankrupt.
Mathematics is applied in everyday life activities, and our case; Math is used in the hotel and tourism industry to come up with a stipulated budget and make the most out of the little that I have. The mathematics here is used to develop capacity, be a problem solver, and successfully resolve new problems, assist me use mathematical algorithms to do my budgeting (Nazrina et al., 2018). I will look at the three ways through which math can be able to help me in my trip doing exercise so that I have no shortcomings. As a result, it will be proved that knowledge of mathematics directly correlates with the safety and competent distribution of the tourist’s budget.
Math Implementation
Math will help me have a stable travel budget that will allow me to make decisions like the mode of transport that I will use and what led to the decisions that I landed at in choosing this model. Calculating fuel, measuring distance, shortening the path are just a small list of activities in which math will be useful (Christensen, 2017). A good plan will include mathematical comparisons of distance and price to choose a preferred mode of transport thus is helpful for planning for economic purposes (Sebastian et al., 2016). For example, mode A involves travel tickets that cost $200, almost double what mode B ($110) will offer. However, we have mode C that will offer a 10% discount on mode B is offering and includes meals on board. Then math will help me do calculations and land at mode C as my mode of transport to Paris.
Math will help me become disciplined in my spending since I will have a budget to adhere to. Math will help me build a strong mentality of reckless spending and assist me in becoming more understanding of my financial situation (Consumer Maths, 2020). If my budget reads $1000, I should ensure all the decisions I make regarding spending reflect the budget. Math will help me reflect on my expenditure and review it now and again. If I know my budget, then I will not be able to go to a high-class hotel in Paris that costs more than I can afford but rather will enable me to make comparisons on an excellent hotel that fits my pocket size.
Math will help me do budget cuts where necessary during the trip to save even during the trip. In this context, it means that I will be able to conduct hypothesis testing, data analysis and mathematical thinking to ensure I use my money economically (Seyedeh et al., 2018). For example, a bottle of water in Supermarket A will cost me ($4.50). It will cost ($5.0) in supermarket B. mathematically, subtracting the two means if I bought water at Supermarket A, I will be saving up to ($.50). This will be a significant step toward my remaining within the budget set.
Conclusion
Travel is always associated with impressions and emotions – people allow themselves to relax in them. Often, travel is associated with large purchases, which can be rash or spontaneous, as a result of which the tourist can significantly overpay. If this problem is not related to the lack of data on other available options, then mathematics can always come to the rescue. Therefore, it is essential that all of us let the math do our problem solving for us and help us do our budgets since qualitative approaches will save our money quantitatively.
References
Christensen, R. (2017). Real World Math: 6 Everyday Examples. Imagine Learning Math Suite. Web.
Consumer Math. (2020). Web.
Nazrina, A., Syariza, A. and Norhaslina, Z. A. (2018). Recent applications in quantitative methods and information technology. International Journal of Information Management, 173-187. Web.
Sebastian, D. B., Matthias, D. M., Utz, S. and Mario, T. (2016). Budgeting in times of economic crisis. Contemporary Accounting Research, 33(4), 1489-1517. Web.
Seyedeh, Z., Ahmad, S., Rahnamay, R. and Hosseinzadeh, L. (2018). The mediator role of higher order math thinking skills between lower order math thinking in financial affairs and empowering financial employees based on revised bloom taxonomy. Journal of Investment Knowledge, 7(28), 23-48. Web.