Restaurant revenue management: apply reservation management?
نویسندگان
چکیده
منابع مشابه
Restaurant Revenue Management
We develop two classes of optimization models to maximize revenue in a restaurant (while controlling average waiting time as well as perceived fairness) that may violate the first-come-first-serve (FCFS) rule. In the first class of models, we use integer programming, stochastic programming, and approximate dynamic programming methods to decide dynamically when, if at all, to seat an incoming pa...
متن کاملMobile Restaurant Information System Integrating Reservation Navigating and Parking Management
In recent years, with the pace of technological development, people have become more and more demanding in terms of quality of life. At the same time the restaurant industry has become one of the largest industries in the world. To follow international trends and development in the restaurant business in Taiwan, various types of theme restaurants and cafes have emerged. Needless to say competit...
متن کاملRestaurant Revenue Management at Chevys: Determining the Best Table Mix
Revenue management has been used in a variety of industries and generally takes the form of managing demand by manipulating length of customer usage and price. Supply mix is rarely considered, although it can have considerable impact on revenue. In this research, we focused on developing an optimal supply mix, specifically on determining the supply mix that would maximize revenue. We used data ...
متن کاملAdvance Reservation and Revenue-based Resource Management for Grid Systems
In most Grid systems, submitted jobs are initially placed into a queue if there are no available compute nodes. Therefore, there is no guarantee as to when these jobs will be executed. This usage policy may cause a problem for time-critical applications or task graphs where jobs have inter-dependencies. To address this issue, using advance reservation (AR) in Grid systems would allow users to s...
متن کاملOptimizing Restaurant Reservation Scheduling
We consider a yield-management approach to determine whether a restaurant should accept or reject a pending reservation request. This approach was examined by Bossert (2009), where the decision for each request is evaluated by an approximate dynamic program (ADP) that bases its decision on a realization of future demand. This model only considers assigning requests to their desired time slot. W...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Information Technology & Tourism
سال: 2016
ISSN: 1098-3058,1943-4294
DOI: 10.1007/s40558-016-0065-0