Submitted by: Submitted by reyesjustin
Views: 140
Words: 2273
Pages: 10
Category: Science and Technology
Date Submitted: 11/26/2013 11:51 PM
Simulation on the Implementation of Seating fee in Gonzaga Cafeteria
Jose Paulo Alcantara
Student BS Management Information Systems Ateneo De Manila University Email: jpalcantara432@gmail.com
Mark Justin Reyes Student
BS Management Information Systems Ateneo De Manila University Email: mjlr0820@gmail.com
Kardi Teknomo
Professor Ateneo De Manila University Email: teknomo@gmail.com
Abstract This paper will talk about how the retail space and other factors affects income of that certain establishment, restaurant, or land itself. Some considerations, which will not be focused in this paper, may include psychological analysis such as heuristics and decision making into making the right choice if one were to invest time, place, effort, or even money into that certain retail space. An example of which is the cafeteria of Ateneo de Manila University. The current Cafeteria is an open system wherein Students and Faculty alike can enter and sit down anywhere they like (The faculty lounge is exclusive for Faculty members however) and can choose to eat or not. This potentially results in a loss of revenue. In order to avoid this, we have decided to add a seating fee in order to encourage those that will be occupying a seat to purchase food or drink as well to have this fee repaid to them. To find out the optimal rate for the fee, simulations will be run to ascertain the rate that would maximize revenue while maintaining a larger number of students that chose to buy food over those that don’t. Currently, there is a large loss of potential revenue as students and faculty members are discouraged from staying inside the cafeteria because there are no more available seats for them to stay in. With the simulation, the expansion of the cafeteria should also be taken into consideration as a possible ...