Monthly Profit Development Analysis Using SD Model: Shun Tai Hotel as an Example

Xiaoman Chen () and Bing Zhu ()
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Xiaoman Chen: Beijing Jiaotong University
Bing Zhu: Beijing Jiaotong University

A chapter in LISS 2014, 2015, pp 557-563 from Springer

Abstract: Abstract Currently, the increasingly rapid development of service industry, people in solving the problem of food and clothing turn to the enjoyment of life. The city of Yantai is an attractive city where its tourism industry is well developed, which led to the development of the surrounding services industry where the profit is considerable. Due to the tourism industry easily affected by seasons and holidays, the hotel’s monthly income vary. This paper takes the system dynamics as a means to establish Shun Tai Hotel in Yantai monthly profit SD model for dynamic simulation and prediction. Studies show that the model is effective and credible, which can represent the current month profit curve of Shun Tai Hotel, and predict the future development, at the same time, this model certainly has some versatility and portability.

Keywords: Hotel profit; System dynamics; Simulation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-43871-8_80

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DOI: 10.1007/978-3-662-43871-8_80

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