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By tracking customers' casino expenditures, they can book rooms to optimize profitability.
A new system that can match up customer profitability measures with occupancy predictions helps employees book rooms in a way that dynamically optimizes profitability.
A businessman seeking to optimize profitability will look to lower labor costs by reducing head-count, whether through technology, out-sourcing, or rationalization.
"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.
Hospitality demand management is defined as the art and science of dynamically managing demand for hospitality services to optimize profitability and customer relationships*.
"The company continues to refocus on higher value products and services while optimizing profitability," Dell says of its corrective measures.
Pandora's explanation here was that "listener hours were actively managed this quarter to optimize profitability in our ad-supported service".
Their willingness to pay for its maintenance is driven by the economic dictum of optimizing profitability.
The use of automatic equipment or dredges which reduce labour costs tends to optimize profitability.
Going forward, their profitability strategy turns on multiple fronts.
Jon will also, in conjunction with AOL Advertising, optimize profitability across the properties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com