• Title/Summary/Keyword: revenue

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Measuring Expected Meal Duration for Restaurant Revenue Management (레스토랑 수익 관리를 위한 적정 식사 시간 측정에 관한 연구)

  • Cho, Mee-Hee;Lee, Kyung-Hee
    • Journal of the East Asian Society of Dietary Life
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    • v.19 no.2
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    • pp.278-286
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    • 2009
  • Restaurants have two strategic levers for revenue management: duration control and demand-based pricing. Reducing dining times, especially during peak periods, can add considerable revenue for restaurants. Managing meal duration, however, can be far more complex than manipulating the price. This paper examines dining duration expectations for restaurants types(Family, Korean, Quick service restaurant), customers characteristics(gender, age, occupation, meal period, visiting frequency, dining occasion, dining companions) using an a adaptation of a price sensitivity measurement tool, naming it 'Time Sensitivity measurement tool' or TSM. The TSM is then used to derive the optimal time points, and the range of acceptable times. The results demonstrate that there is a relatively wide spread of acceptable dining duration times in family restaurant. Furthermore, the optimal time points was shorter than the mean expected dining times, which suggests that many restaurants may be able to shorten dining duration without compromising customer satisfaction. The paper explores whether demographic and dining variables have an impact on time preferences, and finds whether gender, age, meal periods, visiting frequency, and dining companion effects are significant. Specifically, women in their thirties tended to prefer a significantly longer dining times for dinner.

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The Impact of Access Rate Regulation on ISP Revenue and Pricing (인터넷 최대 접속 속도의 제한이 서비스 제공자의 수입과 서비스 가격의 결정에 미치는 영향)

  • Lee, Seung-Ho;Seo, Seung-Woo
    • Journal of the Institute of Electronics and Information Engineers
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    • v.50 no.2
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    • pp.11-19
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    • 2013
  • Internet service providers regulate the maximum data transmission rate of each user as a means to provide a tiered Internet access service or to avoid the monopoly of a few greedy users. In this paper, we aim to analyze the impact of this access rate regulation on the revenue of Internet service provider and the pricing strategy. We first propose a service quality model taking into account the access rate regulation, and analyze how the regulation affects the service subscription decision of users. In addition, we derive a sufficient condition that guarantees the stability of the revenue, and formulate an optimization problem that finds the optimal price to maximize the revenue.

An Analysis for Optimal Moving Speed of Taxi based on Taxi Service Data (택시의 운행 데이터에 기반한 최적의 운행 속도 분석)

  • Lee, Goo Yeon;Kim, Hwa Jong
    • Journal of Digital Contents Society
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    • v.16 no.2
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    • pp.317-324
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    • 2015
  • In this paper, we analyze the optimum moving speed of taxi for maximum revenue. In the analysis, we vary taxi speed from 5km/h through 80km/h to see how revenue of a taxi varies applying the practical gas mileage of LPG taxi and taxi fare system in Korea. From the results of the analysis, we see that the probability that a taxi meets passengers goes high as taxi speed gets fast, however the fuel cost also goes up. We also obtain the optimum speed for the maximum revenue according to passenger distribution while varing moving speed.

The Influence of Physician's Assistants on National Health Insurance Revenue and Number of Patients in Clinic (의원 의료보조인력이 건강보험 진료비와 환자수에 미치는 영향)

  • Cho, Suk-Ju;Kim, Sang-A;Park, Woong-Sub
    • Health Policy and Management
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    • v.17 no.2
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    • pp.18-32
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    • 2007
  • The purpose of this study was a quantitative analysis for the influence of physician's assistants on national health insurance revenue and number of patients in clinic. The data was derived from the Korean national health insurance. That was complete enumeration. Dependent variables were measured by national health insurance revenue and number of patients. Independent variables were reported physician's assistants that the number of nurse, nurse-aid, technologist of clinical laboratory, physical therapist and radiologist in clinic. Confounding variables were classified by demand(region, number of inhabitants, number of clinics, number of bed per a hundred thousand persons) and supply(sex and age of representative, number of bed, subjective of medical treatment). On the multiple regression analyses, the physician's assistants that nurse, nurse-aid, technologist of clinical laboratory and physical therapist were statistically significant for outputs. But radiologist was statistically significant only for number of patient.

Mathematical Model for Revenue Management with Overbooking and Costly Price Adjustment for Hotel Industries

  • Masruroh, Nur Aini;Mulyani, Yun Prihantina
    • Industrial Engineering and Management Systems
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    • v.12 no.3
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    • pp.207-223
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    • 2013
  • Revenue management (RM) has been widely used to model products characterized as perishable. Classical RM model assumed that price is the sole factor in the model. Thus price adjustment becomes a crucial and costly factor in business. In this paper, an optimal pricing model is developed based on minimization of soft customer cost, one kind of price adjustment cost and is solved by Lagrange multiplier method. It is formed by expected discounted revenue/bid price integrating quantity-based RM and pricing-based RM. Quantity-based RM consists of two capacity models, namely, booking limit and overbooking. Booking limit, built by assuming uncertain customer arrival, decides the optimal capacity allocation for two market segments. Overbooking determines the level of accepted order exceeding capacity to anticipate probability of cancellation. Furthermore, pricing-based RM models occupancy/demand rate influenced by internal and competitor price changes. In this paper, a mathematical model based on game theoretic approach is developed for two conditions of deterministic and stochastic demand. Based on the equilibrium point, the best strategy for both hotels can be determined.

A Study on The Change In Company Revenue Structure And The Networking Between Corporate Structures (기업의 수익 구조 변화와 기업 형태의 네트워크화에 관한 연구)

  • Choi, Won-Young;Lee, Choon-Yeul;Juhn, Sung-Hyun
    • Information Systems Review
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    • v.4 no.2
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    • pp.309-322
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    • 2002
  • In this paper, we study changes in company revenue structure. For this, we introduce a new concept for an expanded e-business community - Supra Hub. Based on this concept, we analyze current problems with regard to revenue structure in industry-specific cases and propose advisable alternatives. These alternatives are derived from Burts research on Network and Organization. We conclude that new community is coming connecting industry-specific networks.

The Role of Cooperative R&D and Intangible Assets in Innovation and Corporate Performance of R&D Investment in Manufacturing Sectors (제조업종 연구개발투자의 혁신 및 기업성과에서 공동연구개발과 무형자산의 역할)

  • Koo, Hoonyoung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.1
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    • pp.79-86
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    • 2020
  • The effects of R&D investment on innovation such as patents and intangible assets, and the effect on the corporate performance such as revenue and profit growth, were analyzed using path analysis. In particular, this study compared and analyzed the performances of non-cooperative R&D and cooperative R&D. The results of this study are summarized as follows. First, R&D investment has a significant impact on innovation performance. This supports the existing research results. Second, patents have a significant impact on intangible asset growth. Third, in the case of corporate groups carrying out cooperative R&D, intangible asset growth forms a significant causal relationship with revenue growth. Fourth, in case of cooperative R&D, intangible asset growth has a significant mediating effect between patent and revenue growth. Like the existing research, the results of this research support the innovation performance of R&D investment. It also supports the existing argument that the results of cooperative R&D are more favorable to increase corporate value. However, unlike the existing research, we found a path leading to increased revenue through patents and intangible assets, and confirmed that such a path is likely to be achieved through cooperative R & D rather than internal R&D.

Proposed Open Source Model for Video Offline Distribution using Cinema DRM for Home Users

  • Pardeshi, Sunil;Kwon, Soon Chul;Lee, Seung Hyun;Hamacher, Alaric
    • International Journal of Internet, Broadcasting and Communication
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    • v.7 no.1
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    • pp.10-14
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    • 2015
  • Video Content owners seek to squeeze the maximum amount of revenue from their assets via distribution into more territories. Digital Cinema Package(DCP), trusted solution to distribute protected content to theaters, caters to relatively small user base, which limits revenue. With the growth of the Internet & other digital media, the economics of media content has changed dramatically. Security remains main concern to deliver content to millions of consumers using intelligent digital display devices like Tablets, Smartphones, Smart TVs, Desktop & Laptop. By making the video content available to this segment securely, content owners will benefit from increased revenue. Through this paper we propose Open Source HomeDCP model to distribute the content to home users for offline viewing. We propose to include other open source CODEC than JPEG2000/MPEG2, which are specifically designed for theatrical performance. Final image size will be further reduced considering the display device resolution where video will be finally played. Key Delivery Message(KDM) system to be altered to suit new devices. This will be a big boost to Content Economy as content owners would be able to distribute the content securely to the wider audience & ensure more revenue.

A Study on Setting Methods of Economic Level of Leakage in Water Pipe Networks (상수도 관망에서의 경제적인 누수관리목표 산정 방안 연구)

  • Hwang, Jinsoo;Choi, Taeho;Lee, Doojin;Koo, Jayong
    • Journal of Korean Society of Water and Wastewater
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    • v.31 no.3
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    • pp.237-248
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    • 2017
  • The estimation method of economical leakage management target utilized upon planning business for improvement of revenue water ratio in South Korea is presented and applicability of methods developed in this study is assessed through application on site. With a consideration of revenue water ratio in application target area, estimation method of long-term economical leakage management target is applied. Three leakage reduction methods such as replacement of residual aged pipe, leakage investigation and restoration and water pressure management are applied with a consideration of characteristics of site. Due to difficulty of obtaining data, analysis of cost/benefit by leakage reduction methods is performed by applying method of leakages estimation equation among statistical methods. As a result of application, revenue water ratio corresponding to long-term economical leakage management target is 91.6 %.

The Impact of COVID-19 Pandemic on Firm Performance: Empirical Evidence from Vietnam

  • BUI, Trung Huy;NGUYEN, Huong Thu;PHAM, Yen Nhu;NGUYEN, Trang Thu Thi;LE, Linh Thao;LE, Giang Thu Tran
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.101-108
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    • 2022
  • The outbreak of Coronavirus disease 2019 (COVID-19) has caused serious impacts not only on human health but also on the economies around the world. Enterprises play an important role in the development of every country but it is also one of the most affected sectors during the pandemic. Drawing on panel data of 131 enterprises listed on the Vietnamese stock exchange from 2016Q1 to 2021Q3, this study aims to investigate the impact of the COVID-19 pandemic on firm performance. Enterprises are classified into seven industries including Agriculture, Material, Industry, Real estate and Construction, Energy, Consumer, and Service. The paper also analyzes the variation of the effects among companies, focusing on differences in revenue and capital structure. The results show that the COVID-19 pandemic negatively affects business performance. In addition, the empirical findings indicate that revenue and debt decreasing can cause deterioration of firm performance during the pandemic period. The decrease in revenue has a direct impact on firm profitability. The reduction of debt levels affects the corporate leverage leading to adverse effects on firm performance. The negative effect is more pronounced for companies in some specific sectors including industry, real estate, construction, consumption, and services.