|Operations Research in Hospitality Industry|
|Harshil Mehta, Jyotsna Singh, Jay Shah , Khushi Fadia, Harshvardhan Mishra|
|Cite This Article:|
Operations Research in Hospitality Industry, International Journal of Innovative Research in Technology(www.ijirt.org) ,ISSN: 2349-6002 ,Volume 6 ,Issue 5 ,Page(s):240-246 ,October 2019 ,Available :IJIRT148731_PAPER.pdf
|Revenue Management, Linear Programming, Simulation, Assignment Problems, Replacement Theory|
|This paper presents a methodology to determine the benefits hospitality industry can get by using various methods of Operations Research. The assignment problems, transportation problems, linear programming problems and replacement theory are generally used for benefits of various service sectors. These theories have been used to determine the benefits that hospitality industry can receive by using these theories. The economic gains have been found. The economic gains are flexible and it is directly proportional to the services that one provides. These theories can also be applied to find out ways which can help expertise in the hospitality industry by competing with competitors by effectively using these strategies.|
|Unique Paper ID: 148731|
Publication Volume & Issue: Volume 6, Issue 5
Page(s): 240 - 246
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