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Mathematical Framework for Vacation Package Optimization in Travel Industry

Discover a mathematical framework for optimizing vacation package synthesis in the travel industry. Learn about challenges, examples, and our approach using optimization techniques like Linear Programming and Non-linear Programming.

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Mathematical Framework for Vacation Package Optimization in Travel Industry

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  1. Mathematical Framework for Optimization of Vacation Package Synthesis Process Group-CI-G1

  2. Overview • Introduction • Challenge • Example • Our Approach • Where we are?

  3. Introduction • Travel Industry • Vacation Packages • Tour Operators • Software Solution-Travelbox • Where our solution fits in?

  4. Challenge • Large no. of vacation package components • Large no. of constraints • Size of the datasets-More than 600 tables • Ensuring higher profit margins • Building a generic framework, which is capable of serving other purposes..

  5. Example

  6. Our approach… • Building a mathematical framework • Using mathematical optimization techniques, such as • Linear Programming • Non-linear Programming

  7. Where we are? • Familiarization with the business domain • Learning the linear programming approach • Implementing a solution to solve a simple linear programming problem

  8. Demo…….

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