Operations Research in Hospitality Industry
Harshil Mehta, Jyotsna Singh, Jay Shah , Khushi Fadia, Harshvardhan Mishra
Cite This Article:
Operations Research in Hospitality IndustryInternational 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.
Article Details
Unique Paper ID: 148731

Publication Volume & Issue: Volume 6, Issue 5

Page(s): 240 - 246
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Last Date 25 January 2020

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