A Review of Approaches to Manage Menu Profitability

Lai, Hao Bin Jack; Karim, Shahrim Ab; Krauss, Steven Eric; Ishak, Farah Adibah Che

doi:10.1504/ijrm.2020.10028921

Cited by 1 publication

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“…The main advantage of using simulation tools is that they make it possible to recreate a system very close to reality in a virtual environment (Hao et al, 2020). They also allow modifications to be made to the system quickly and without incurring additional costs, instead of having to invest time and money in making such changes in the real system.…”

Section: Modelingmentioning

confidence: 99%

Discrete Event Modeling for Operational Management of Restaurants

Proceedings of the International Conference on Industrial Engineering and Operations Management

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Models are a tool that allow us to simulate real life systems in a virtual environment to generate scenarios and observe how the system reacts. Restaurant management systems incorporate the concepts of RevPash and Menu Analysis to support difficult decisions in pricing, promotions and resource management. In this paper, using Arena 14.0 software, a discrete event model was designed that incorporates the above concepts and simulates the operations of a restaurant. Based on the proposed model, measures were proposed to improve the restaurant's profitability and scenarios were designed with the possible effects. The value of this proposal lies in the economic advantage that can be obtained with the application of models and Menu Analysis in restaurant management.

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Section: Modelingmentioning

confidence: 99%

Discrete Event Modeling for Operational Management of Restaurants

Proceedings of the International Conference on Industrial Engineering and Operations Management

View full text Add to dashboard Cite

show abstract

A Review of Approaches to Manage Menu Profitability

Abstract: IJRM is an interdisciplinary and refereed journal that provides authoritative sources of reference and an international forum in the field of revenue management. IJRM publishes well-written and academically rigorous manuscripts. Both theoretic development and applied research are welcome.

Cited by 1 publication

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Discrete Event Modeling for Operational Management of Restaurants

Discrete Event Modeling for Operational Management of Restaurants

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