Tim Tenca

Title: The Innovative Contributions of Tim Tenca

Introduction

Tim Tenca is an accomplished inventor based in Germantown, MD (US). He has made significant contributions to the field of hospitality through his innovative patent. His work focuses on optimizing revenue performance for lodging establishments, showcasing his expertise in the industry.

Latest Patents

Tim Tenca holds a patent for a "Method and apparatus for measuring revenue performance for a lodging establishment." This invention involves methods and apparatuses for calculating an optimal revenue total yield for both sleeping and function space in a hospitality establishment. The patent addresses a set of demand that includes both group and transient demands. In a preferred embodiment, the revenue optimization problem is characterized as a mixed-integer linear programming (MILP) problem and solved using MILP techniques. A small value is assigned to the 'cost' of a room upgrade, and these costs are included in the revenue function to be optimized. Additionally, the invention allows for a comparison between the actual revenue yield and the optimum revenue yield.

Career Highlights

Tim Tenca is currently employed at Marriott International, Inc., where he applies his innovative ideas to enhance revenue management strategies. His work has been instrumental in improving the financial performance of hospitality establishments.

Collaborations

Tim has collaborated with notable colleagues, including William A McDaniel and Prashant Dave, who contribute to the innovative environment at Marriott International, Inc.

Conclusion

Tim Tenca's contributions to the hospitality industry through his patent demonstrate his commitment to innovation and excellence. His work not only enhances revenue optimization but also sets a standard for future developments in the field.