Master Of Business Administration (Hospitality Management)

QUANTITATIVE METHODS
1st Year Examination
(July - 2023)
Marks: 100

Note: Attempt any Ten Questions. Each question Carry 10 marks.

Q1. Discuss the importance of quantitative methods in making effective business decisions
in the hospitality industry. Provide relevant examples to illustrate your points.
Q2. Explain the application of probability concepts in the context of hospitality
management. How can probability be used to predict and analyze various business
scenarios in the hospitality sector?
Q3. Discuss the significance of forecasting techniques in the hospitality industry. Provide
examples of how different forecasting methods can be applied to predict demand and
optimize resource allocation in hospitality businesses.
Q4. Analyze the role of regression analysis in hospitality management. Discuss how
regression analysis can be utilized to identify and understand the relationship between
different variables within the hospitality sector.
Q5. Explain the concept of decision analysis and its relevance in the context of hospitality
management. How can decision analysis tools and techniques aid in making strategic
decisions to improve business performance in the hospitality sector?
Q6. Discuss the application of time series analysis in hospitality management. Provide
examples of how time series analysis can be used to analyze historical data and forecast
future trends in the hospitality industry.
Q7. Analyze the importance of optimization techniques in the context of hospitality
management. How can optimization models and methods be applied to maximize efficiency
and profitability in hospitality businesses?
Q8. Discuss the significance of inventory management in the hospitality industry. Analyze
various inventory management models and explain how they can be applied to optimize
inventory levels and minimize costs in the hospitality sector.
Q9. Explain the concept of linear programming and its relevance in hospitality
management. Provide examples of how linear programming can be utilized to solve
complex optimization problems in the hospitality industry.
Q10. Discuss the role of simulation techniques in the hospitality sector. Explain how
simulation can be used to model real-world scenarios and aid in decision-making processes
for hospitality businesses.
Q11. Analyze the importance of data analysis and interpretation in the hospitality industry.
Discuss the different data analysis techniques that can be applied to extract meaningful
insights and drive informed decision-making in hospitality management.
Q12. Explain the concept of queuing theory and its application in the hospitality sector.
Discuss how queuing theory can be used to manage and improve service quality and
customer satisfaction in hospitality businesses.