A special issue on: Actual impact and future perspectives on stochastic modelling in business and industry

Kenett, R. S., and G. Shmueli, "A special issue on: Actual impact and future perspectives on stochastic modelling in business and industry", Applied Stochastic Models in Business and Industry, vol. 31, issue 1, pp. 1-2, 2015.

Biblio Tags: 

Forecasting ATM/CARD/CASH revenues for EZTABLE to identify potential and actual revenue

Application Area: 

Project Details

Term: 

Fall 2014

Students: 

ean Xie, Sam Wang, Lydia Jiang, Suneel Chatla

University: 

NTHU

Presentation: 

Report: 

The primary stakeholder is EZTABLE, an ecommerce based platform for reservations for different restaurants in Taiwan. Currently, there is a mismatch between the number of bookings and the amount of revenue generated by the bookings. The problem is the current booking system which enable the user to book reservations even without prior payment. Hence the actual revenue falls short of the potential revenue due to the existing system. The business goal of our project is to let our client realize the potential revenue and the need for changing the strategies.

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