Linear Programming for Revenue Management in Hotel Industry

Rao, Shreelatha (2011) Linear Programming for Revenue Management in Hotel Industry. In: International conference on business and Technology (ICBT- 11), 4-5th Nov 2011, DehradUn. (Unpublished)

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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: Conference or Workshop Item (Paper)
Subjects: Hotel Management > WGSHA Manipal
Depositing User: EPrints Hotel Management
Date Deposited: 21 Dec 2011 04:15
Last Modified: 29 Mar 2012 09:16
URI: http://eprints.manipal.edu/id/eprint/1887

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