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MATHEMATICAL FRAMEWORK FOR OPTIMIZATION OF VACATION PACKAGE SYNTHESIS PROCESS Group-CI-G1

M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

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Page 1: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

MATHEMATICAL FRAMEWORK FOR OPTIMIZATION OF VACATION PACKAGE SYNTHESIS PROCESS

Group-CI-G1

Page 2: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

OVERVIEW

Introduction Challenge Example Our Approach Where we are?

Page 3: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

INTRODUCTION

Travel Industry Vacation Packages Tour Operators Software Solution-Travelbox

Where our solution fits in?

Page 4: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

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..

Page 5: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

EXAMPLE

Page 6: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

OUR APPROACH…

Building a mathematical framework Using mathematical optimization

techniques, such as Linear Programming Non-linear Programming

Page 7: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

WHERE WE ARE?

Familiarization with the business domain Learning the linear programming approach Implementing a solution to solve a simple

linear programming problem

Page 8: M ATHEMATICAL F RAMEWORK FOR O PTIMIZATION OF V ACATION P ACKAGE S YNTHESIS P ROCESS Group-CI-G1

DEMO…….