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Operations Research, Systems Engineering and Industrial Engineering Commons

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University of Nevada, Las Vegas

Operational Research

2019

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Meal Duration: Implications For Restaurant Revenue Management, Dale F. Billings Dec 2019

Meal Duration: Implications For Restaurant Revenue Management, Dale F. Billings

UNLV Theses, Dissertations, Professional Papers, and Capstones

A comprehensive revenue management strategy addressing space, product, price and time, has been shown to increase profits within the hospitality sector. While the literature shows that the restaurant industry has frequently addressed space, product, and price when looking at financial strategy, the effect of the variable of time on revenue generation has not been adequately studied. Restaurants shy away from the practice of using time as a commodity, particularly regarding meal duration, due to fears of reducing customer satisfaction.

This project explores the use of time as a commodity in restaurant revenue management. In particular, it examines consumers’ feelings about …