Linear Programming for Revenue Management in Hotel Industry
Published: 2013
Author(s) Name: Shreelatha Rao |
Author(s) Affiliation: Welcomgroup Graduate School of Hotel Administration, Manipal
Locked
Subscribed
Available for All
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.
Keywords: Revenue Management, Linear Programming
View PDF