Small Queuing Restaurant Sustainable Revenue Management

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...

Restaurant 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 ...

Fuzzy revenue efficiency in sustainable supply chains

The performance assessment of supply chains including sustainability dimensions of economic, environmental and social is a significant aspect for managers and decision makers. Furthermore, imprecise data are presented in many real world applications. Therefore, the current paper proposes an approach based on data envelopment analysis (DEA) to analyze the revenue efficiency of sustainable supply...

Unconstraining Methods for Revenue Management Systems under Small Demand

environmental sustainable management of small rural tourist enterprises

rural and nature tourism has experienced high growth over the past 20 years. one of the primary challenges facing rural tourism management is to establish a profitable and environmentally sustainable industry. moreover, sustainable tourism is a complex concept and it requires that nature and tourism activity should be studied from an integrated point of view. in this paper, we analyze how the e...