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UNLV Theses, Dissertations, Professional Papers, and Capstones
Casinos; Gambling industry; Gaming; Hospitality industry; Linear Programming; Optimization; Slot Floor; Slot machines
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A Mathematical Approach For Optimizing The Casino Slot Floor: A Linear Programming Application, Kasra Christopher Ghaharian
A Mathematical Approach For Optimizing The Casino Slot Floor: A Linear Programming Application, Kasra Christopher Ghaharian
UNLV Theses, Dissertations, Professional Papers, and Capstones
Linear programming is a tool that has been successfully applied to various problems across many different industries and businesses. However, it appears that casino operators may have overlooked this useful and proven method. At most casino properties the bulk of gaming revenues are derived from slot machines. It is therefore imperative for casino operators to effectively manage and cultivate the performance of this department. A primary task for the casino operator is planning and deciding the mix of slot machines in order to maximize performance.
This paper presents the task of optimizing the casino slot floor as a linear programming …