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The article discusses the theory and practice of hotel revenue management also known as yield management, which refers to the allocation of products and services to the right customer at the right price and time, in a way that maximizes a company's revenues. Topics include the development of revenue management, its principles and application in different industries and its processes, actions, and techniques.

Chapter 4 of the book "Ultimate Exits," by Tom McKaskill is presented. It explores the approaches for increasing profit and business improvement including expense reductions, revenue increases, and better asset utilization. It mentions that business enterprises could identify ways of generating additional revenue from its existing resources through evaluation of marketing and sales productivity of similar businesses.

Chapter 13 of the book "How to Build Your Own Web Site With Little or No Money: The Complete Guide for Business & Personal Use," by Bruce C. Brown is presented. It discusses the use of search engine Google's AdSense to attract Web site traffic and presents suggestions for increased earnings. It explains that Google AdSense lets users place advertisements on one's Web pages, which generates money for each click made by the user.

Chapter 23 of the book "Your Complete Guide to Leaving an Inheritance for Your Children and Others: What You Need to Know Explained Simply," by Mike Valles is presented. It is stated that it is the responsibility of the beneficiaries to ensure the growth of the family's wealth. It notes that the areas that should be managed to ensure profit include the selection of reliable financial advisors and the safe control of assets. It also mentions the benefits of creating a family bank.

This paper presents a framework to control the life cycle of enforceable policies aligned to business directives. The framework relies on three main aspects: the formalization of measurable business indicators underpinning the management cycle of policies, a holistic approach to conceal Quality of Service delivery with business alignment, and the use of policy-based management as the vehicle to control system behavior accordingly. The core contribution of this research lies in the network management area whose most widespread solutions for QoS delivery have been systematically decoupled from business value, although the research community recognizes business profit as the main motivation for any management solution. The ultimate goal of this research is to develop a management framework that allows exploiting business value in telecommunications infrastructures. As each application domain may have intrinsic peculiarities we propose to validate our approach in the context of DiffServ networks. Simulations will be conducted to evaluate and to optimize the performance of diverse business directives under different patterns of service invocations and patterns of inter-domain traffic exchange between autonomous systems. To the best of our knowledge no other approach has dealt with the above research area in such a holistic view. [ABSTRACT FROM AUTHOR]

Finding a matching with the maximum total weight is the well-known assignment problem of assigning people to jobs and maximize the profits. In this paper, we focus on finding the maximum-weighted matching in Halin graphs. First, we review the method of "shrinking fan". Second, we show how to use the method in finding the maximum-weighted matching in Halin graphs and then a linear algorithm is designed to solve this problem. Finally, it is shown that the algorithm can be easily extended to solve many relative problems. [ABSTRACT FROM AUTHOR]

Chapter Ten of "The Professional Bar & Beverage Manager's Handbook: How to Open and Operate a Financially Successful Bar, Tavern, and Nightclub," by Amanda Miron and Douglas Robert Brown is presented. It offers tips on how to maximize profits of bar businesses. It discusses the monthly audit procedures for the money management of the bar. Various forms are also provided that are beneficial for bar-related operations.

Chapter One of the book "Successful Catering: Managing the Catering Operation for Maximum Profit: 365 Secrets Revealed," by Sony Bode is presented. It explores the profitability of the catering business and the potential of increased profit margin by building credible accounts than sales. It also examines the factors to consider in catering which include creative and efficient catering skills, competitive advantage, and business identity formation.

Chapter 3 of the book "Waiter and Waitress Training: How to Develop Your Staff for Maximum Service and Profit," by Lora Arduser is presented. It looks into the practices on how restaurant owners can hire and terminate their staff to maximize their profits. It also offers information on various recruiting sources where restaurant can find good employees.

Chapter Ten of the book "Successful Catering: Managing the Catering Operation for Maximum Profit: 365 Secrets Revealed," by Sony Bode is presented. It explores the budgeting and accounting essentials in the catering business to help maximize profit and expand the food service operation. It highlights the specific accounting procedures for recording revenues and expenses and the importance of understanding the basics of budgeting and cash flow.

Chapter Two of the book "Successful Catering: Managing the Catering Operation for Maximum Profit: 365 Secrets Revealed," by Sony Bode is presented. It explores the advantages and disadvantages of home-based catering, off-premise catering, and on-premise catering operations and the factors to consider in the catering business. It also highlights the aspects of the catering business and the ways to maximize flexibility, expertise, and market exclusivity.

Chapter Two of the book "Increasing Restaurant Sales: Boost Your Sales & Profits by Selling More Appetizers, Desserts, & Side Items: 365 Secrets Revealed," by B. J. Granberg is presented. It explores the importance of training food service greeters and waitstaff in the art of suggestion to promote side items on the menu. It highlights the significance of training and preparation in enhancing customer service and appeal while increasing sales and profit.

Chapter Seven of the book "Increasing Restaurant Sales: Boost Your Sales & Profits by Selling More Appetizers, Desserts, & Side Items: 365 Secrets Revealed," by B. J. Granberg is presented. It explores the use of side items to attract families and children to a restaurant and build customer base for profitability. It highlights the influence of children in food service business and offers suggestions on how to create side items that appeal to children.

Chapter Six of the book "Increasing Restaurant Sales: Boost Your Sales & Profits by Selling More Appetizers, Desserts, & Side Items: 365 Secrets Revealed," by B. J. Granberg is presented. It explores the significance of creating and adding desserts to the menu to increase dessert sales and restaurant profits. It highlights the ways to refine dessert menu and promote desserts that add appeal to customers.

Chapter Four of the book "Increasing Restaurant Sales: Boost Your Sales & Profits by Selling More Appetizers, Desserts, & Side Items: 365 Secrets Revealed," by B. J. Granberg is presented. It explores the techniques to promote beverages and increase beverage sales and restaurant profits. It highlights the significance of product and service knowledge in increasing sales and maximizing profitability through food server and waitstaff training.

Chapter Three of the book "Increasing Restaurant Sales: Boost Your Sales & Profits by Selling More Appetizers, Desserts, & Side Items: 365 Secrets Revealed," by B. J. Granberg is presented. It explores the significance of serving appetizers before the main meal to help customers relax and increase restaurant sales and profit. It highlights the ways to plan appetizer menu items and the considerations to enhance their visibility and appeal on the menu.

Chapter Seven of the book "Controlling Liquor, Wine, & Beverage Costs: 365 Secrets Revealed," by Elizabeth Godsmark is presented. It explores the importance of developing a beverage selection program in bartending operations to reduce costs and increase profits. It highlights the strategies for cost reductions and control systems and offers suggestions on how to choose the appropriate drink selection that meets the needs of customers while maximizing profits.

The Royal Poor Law Commission viewed outdoor relief as a rural institution, and most historians, myself included, have focused their analyses on poor relief in agricultural parishes. But outdoor relief also played an important role in the manufacturing cities of northwest England. Along with industrialization came business cycles and the problem of how to deal with cyclical fluctuations in the demand for industrial workers. Manufacturers used the Poor Law as an unemployment insurance system: Workers not needed during downturns were laid off or put on short time, and collected outdoor relief. Because a large share of the poor rate was paid by non-labor-hiring taxpayers, by laying off workers manufacturers were able to pass some of their labor costs on to others during downturns. However, there was a problem with using the Poor Law as an unemployment insurance system. Parishes were obliged to relieve only those paupers who had their legal settlement in the parish. In the first half of the nineteenth century, 50% or more of the work force in most industrial cities had been born, and were legally settled, elsewhere. Industrial cities not only were under no obligation to relieve nonsettled workers, they had the right to send any nonsettled applicants for relief back to their parish of settlement. A city's policy concerning whether to remove or relieve nonsettled able-bodied applicants depended in part on the political power of its manufacturers. Manufacturers supported granting relief to nonsettled workers during downturns, to ensure that an adequate work force would be available upon the return of prosperity. [ABSTRACT FROM AUTHOR]

Historians have yet to determine the precise role played by outdoor relief in agricultural parishes. This chapter provides an economic explanation for the adoption and persistence until 1834 of policies granting outdoor relief to able-bodied laborers, and for the regional nature of outdoor relief. I concluded in Chapter 1 that rural parishes adopted outdoor relief in response to the decline of cottage industry and laborers' loss of land in the second half of the eighteenth century. These changes in the economic environment forced farmers to alter their implicit contracts with labor. I show in this chapter that the dominant form of the new implicit contract differed across regions, because of differences in the magnitude of seasonal fluctuations in the demand for labor. In the grain-producing south and east, seasonal layoffs and outdoor relief became integral parts of the labor contract, while in the livestock farming southwest and north, full-employment contracts were dominant. Labor-hiring farmers were able to choose a profit-maximizing implicit contract because they dominated parish politics. The chapter is organized as follows: The effect of seasonality on the agricultural labor market is discussed in Section 1. Section 2 presents evidence of the magnitude of seasonal fluctuations in labor demand in early-nineteenth-century England. Section 3 describes how poor relief was financed and offers estimates of the share of the poor rate paid by labor-hiring farmers. A model of profit maximization by farmers is developed in Section 4 and used to demonstrate that implicit labor contracts that included seasonal layoffs and outdoor relief provided the lowest cost method, to farmers in grain-producing parishes, for securing a peak-season labor force. [ABSTRACT FROM AUTHOR]

The English Poor Law dates from 1597, when Parliament passed a law (39 Elizabeth, c. 3) making it the responsibility of each parish to maintain its poor inhabitants. Four years later Parliament passed another law (43 Elizabeth, c. 2) clarifying several provisions of the 1597 act. Together, these laws established “the principle of a compulsory assessment for relief of the poor … as an essential portion of [England's] domestic policy” (Nicholls 1898: 1, 187). They also established that poor relief was to be administered and financed at the parish level. There were no “fundamentally new idea[s] in the Poor Law Legislation following 1601,” but there were definite long-term trends in the administration of relief, especially with respect to adult able-bodied males (Marshall 1968: 11–12). The two major trends were the shift toward increased generosity for able-bodied paupers that began around 1750, and the subsequent decline in generosity that began in 1834 with the passage of the Poor Law Amendment Act. This book examines the economic role played by the English Poor Law during the period 1750 to 1850, the years when relief generosity for the able-bodied was at its peak. It focuses on the development and persistence of policies providing relief outside of workhouses to unemployed and underemployed able-bodied laborers, and on the effect of such policies on the rural labor market. In particular, it provides explanations for the widespread adoption of outdoor relief policies in the 1770s and 1780s and for the significant differences in the administration of relief between the southeast of England and the west and north, and it analyzes the effect of poor relief on wages, profits, birth rates, and migration. [ABSTRACT FROM AUTHOR]

An introduction to the book "How to Buy &/or Sell a Small Business for Maximum Profit: A Step-by-Step Guide," by Rene V. Richards is presented in which the editor emphasize on the need of necessary tools including the right information, observation, centered observation, and appropriate observation for entrepreneurs to achieve the most profit out from the purchase and/or the sale of a business enterprise.

A definition of the term "marginal value" is presented. It refers to the extra cost of producing one extra unit of output. Similarly, marginal revenue is the extra revenue which results from selling an extra unit of goods. From the economics of a company, when marginal revenue equals marginal costs, the company is in an equilibrium optimal condition in terms of maximizing profits.