Issue |
RAIRO-Oper. Res.
Volume 52, Number 1, January–March 2018
|
|
---|---|---|
Page(s) | 119 - 141 | |
DOI | https://doi.org/10.1051/ro/2018001 | |
Published online | 23 April 2018 |
An overview of revenue management and dynamic pricing models in hotel business
1
United Institute of Informatics Problems, National Academy of Sciences of Belarus,
Minsk
220072, Belarus
2
Institute of Information Systems, Faculty III, University of Siegen,
57068
Siegen, Germany
3
Center for Advanced Studies in Management, HHL Leipzig,
04109
Leipzig, Germany
4
Department of Management, Cankaya University,
Ankara, Turkey
* Corresponding author: erwin.pesch@uni-siegen.de
Received:
8
July
2017
Accepted:
21
December
2017
Basic concepts and brief description of revenue management models and decision tools in the hotel business are presented. An overview of the relevant literature on dynamic pricing, forecasting methods and optimization models is provided. The main ideas of the authors’ customized revenue management method for the hotel business are presented.
Mathematics Subject Classification: 90B50 / 90B90 / 90C90
Key words: Revenue management / dynamic pricing / forecasting / optimization
© EDP Sciences, ROADEF, SMAI 2018
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.