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By tracking customers' casino expenditures, they can book rooms to optimize profitability.
A businessman seeking to optimize profitability will look to lower labor costs by reducing head-count, whether through technology, out-sourcing, or rationalization.
Hospitality demand management is defined as the art and science of dynamically managing demand for hospitality services to optimize profitability and customer relationships*.
"This company has swung 180 degrees, from being totally leveraged to the economy to being able to optimize profitability at every point in the economic cycle," said James L. Winchester, an analyst at Lazard.
One might consider two management interventions to optimize profitability: (i) take field areas that are known in advance to be unprofitable out of crop production, and (ii) make underperforming field areas more profitable through improved management implementation.
ARSgroup executives talk about offering studios a "holistic testing package" — how well do stars, the script, the marketing plan and other creative elements stack up? "Do you spend that last $10 million of the marketing budget as insurance or do you save it to optimize profitability?
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A new system that can match up customer profitability measures with occupancy predictions helps employees book rooms in a way that dynamically optimizes profitability.
"The company continues to refocus on higher value products and services while optimizing profitability," Dell says of its corrective measures.
Their willingness to pay for its maintenance is driven by the economic dictum of optimizing profitability.
After repeating this whole process several times with various amounts, we eventually find the acquisition and retention spending values that optimize customer profitability.
Herds were seasonal calving, with only minor differences in grazing management to optimize the profitability of each stocking rate (SR).
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