Optimisation of Wine and Spirit Inventory Assets in Fine Dining Restaurants
Bibliographic record
Abstract
Research on profit optimisation in the travel sector of hospitality industry has been dominated by the development of effective revenue management techniques to help managers in situations where demand is variable, variable costs are low, assets are fixed and perishable. These techniques have been extended to the restaurant sector, with recognition that variable costs are a larger proportion of total costs and not fixed. In fine dining restaurants substantive wine and spirit inventories present operators with the challenge of how to optimise the sales per dollar of inventory. Theoretical foundations of yield management, retail inventory optimisation and menu engineering are reviewed with direct application to the development of the WINSPID model of wine list and wine inventory optimisation. Data from a successful fine dining restaurant are used to illustrate how the model can be used to improve the sales efficiency of the wine list and inventory. Opportunities to extend the model to spirit inventories are proposed.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.000 |
| Meta-epidemiology (narrow) | 0.001 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.001 |
| Scholarly communication | 0.000 | 0.008 |
| Open science | 0.000 | 0.001 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".