In the InterContinental Hotel Group case study, the mathematical model used to increase profits was based on
A) a simulation model that tried out many options.
B) a system that collated the subjective inputs of managers.
C) a mathematical model that used two variables: price and day of the week.
D) an optimization model that used multiple variables.

Question

Quizplus · Accepted Answer

The InterContinental Hotel Group case study utilized an optimization model that incorporated multiple variables to increase profits. This approach allowed for a more comprehensive analysis and adjustment of various factors to optimize pricing and booking strategies.

In the InterContinental Hotel Group Case Study, the Mathematical Model