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325160

Quantitative Decision Approach in Optimizing Resource Allocation: Evidence from Domestic Tourism in Egypt

Article

Last updated: 29 Dec 2024

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Abstract

Optimizing the returns of various economic activities and their sustainability, identifying weaknesses and addressing them, identifying strengths, enhancing them and giving them more impetus are among the most important objectives of management. This paper introduces an approach that combines both qualitative and quantitative analysis techniques to re-demonstrate the collected data, then select a suitable quantitative decision-making model(s) to determine the best allocation of the resources. The paper offers an application of the introduced approach in tourism which is one of the economic activities that can contribute in increasing the national income, especially in a country like Egypt, which has many tourism potentials, including traces of different historical civilizations and great environmental and geographical diversity. first by examining the opinions of representatives of various categories of domestic visitors about different Egyptian tourism destinations and then analyzes the data quantitatively using Monte-Carlo simulation technique. The paper also uses a transportation model to explore the strengths and weaknesses of each of those destinations and makes recommendations on the optimal effort and budget allocation at each destination that will maximize and sustain the total return.

DOI

10.21608/msamsj.2023.246475.1035

Keywords

tourism, Optimization, Monte-Carlo Simulation, Data-Analysis, transportation

Authors

First Name

Emad El-din

Last Name

Hassan

MiddleName

Hussein

Affiliation

Faculty of Management Sciences, October University for Modern Sciences and Arts (MSA)

Email

eeldin@msa.edu.eg

City

6th Of October City

Orcid

0000-0002-0036-634X

First Name

Menna ALLAH

Last Name

Hegazy

MiddleName

T

Affiliation

Faculty of Commerce, Cairo University

Email

menna.tarek@foc.cu.edu.eg

City

-

Orcid

-

Volume

2

Article Issue

4

Related Issue

43557

Issue Date

2023-11-01

Receive Date

2023-11-04

Publish Date

2023-11-01

Page Start

126

Page End

147

Print ISSN

2974-3028

Online ISSN

2974-3036

Link

https://msamsj.journals.ekb.eg/article_325160.html

Detail API

https://msamsj.journals.ekb.eg/service?article_code=325160

Order

325,160

Type

Original Article

Type Code

2,535

Publication Type

Journal

Publication Title

MSA-Management Sciences Journal

Publication Link

https://msamsj.journals.ekb.eg/

MainTitle

Quantitative Decision Approach in Optimizing Resource Allocation: Evidence from Domestic Tourism in Egypt

Details

Type

Article

Created At

29 Dec 2024