Linear Programming for Revenue Management in Hotel Industry

Rao, Shreelatha (2013) Linear Programming for Revenue Management in Hotel Industry. Journal of Hospitality Application & Research, 8 (1). pp. 3-7. ISSN 0973-4538

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Abstract

Linear Programming (LP) is the mathematical technique for optimum allocation of ‘scarce’ of ‘limited’ resources, such as labour, material, machine, capital, energy and so on, to several competing activities, such as products, services, jobs, new equipment, projects, and so on, on the basis of a given criterion of optimality. This paper is an insight into how LP can be made use of in the hotel industry too, where the use has been limited in India. A simple optimisation case has been tried to solve graphically and arrive at an optimal solution in an F&B Production department of a hotel.

Item Type: Article
Uncontrolled Keywords: Revenue Management, Linear Programming
Subjects: Hotel Management > WGSHA Manipal
Depositing User: EPrints Hotel Management
Date Deposited: 30 Mar 2012 04:05
Last Modified: 04 Jan 2014 07:08
URI: http://eprints.manipal.edu/id/eprint/3667

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