Volume 52, Number 1, January–March 2018
|Page(s)||119 - 141|
|Published online||23 April 2018|
An overview of revenue management and dynamic pricing models in hotel business
United Institute of Informatics Problems, National Academy of Sciences of 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: firstname.lastname@example.org
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
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