Examlex
Consistency of service is difficult in the hospitality industry because of the human-intensive nature of providing a service.
Optimization Models
Mathematical models that are designed to find the best possible solution or outcome from a set of parameters or constraints.
Prescriptive Analytics
The set of analytical techniques that yield a best course of action.
Maximize
To increase or make as large or great as possible, often used in the context of mathematical optimization.
Minimize
To reduce to the smallest possible amount or degree.
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