The impact of food waste on revenue potential in restaurants: A Case of Rocomamas’ (Simbisa Brands Zimbabwe)

Author

Denzel Gombarago. T

Title

The impact of food waste on revenue potential in restaurants: A Case of Rocomamas’ (Simbisa Brands Zimbabwe)

Abstract

The major objective of the research is to determine the impact that food waste has on revenue in restaurants as compared to other factors for the period January 2021 to December 2023, using the ADF test, Johansen test, Vector Autoregression model, Granger causality and Pearson correlation coefficient. The findings of the ADF revealed that revenue, food cost and inflation were stationary at level, while food waste and exchange rate were stationary at first differencing. The Johansen test findings indicated that the impact of food waste, food cost, inflation and exchange rate is noted only in the short run, which led to the implication of the VAR model. The results of the VAR indicated that food waste positively influences revenue if reincorporated back as a source of income. Granger causality reaffirmed the notion provided by the VAR as the results revealed that the lagged food waste values are able to explain variation in revenue, while the lagged exchange rate value explains a variation in inflation.
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Date

2024

Publisher

BUSE

Keywords

Inflation

food

potential

restaurant

Supervisor

DR. M Magodora