Abstract
Using aggregate operation statistics of Las Vegas Strip casino hotels, this study employs a single-period inventory model to estimate the optimal room capacity for Las Vegas Strip casino hotels from 2001 to 2004. The model predicts that the Strip will experience overcapacity from 2001 to 2003 but slight undercapacity for 2004. The findings suggest that to avoid undercapacity, new casino expansions may need to be planned for the year 2004 and beyond.
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