Multi-objective mathematical modeling focused on hotel revenue and passenger cost by NSGA-II and MOPSO

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Asadi Lari Mohammad Saviz; Abbas Ghorbani Maryam; Tavakkoli Moghaddam Reza

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Journal Paper

Paper Information

Journal: DECISIONS AND OPERATIONS RESEARCH Year:2023 | Volume:8 | Issue:1 Page(s): 39-71

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Information Journal Paper

Title

Multi-objective mathematical modeling focused on hotel revenue and passenger cost by NSGA-II and MOPSO

Author(s)

Asadi Lari Mohammad Saviz | Abbas Ghorbani Maryam | Tavakkoli Moghaddam Reza | Issue Writer Certificate

Keywords

Multi-objective mathematical modeling

Revenue management

Passenger cost

Particle swarm optimization

Genetic algorithm

Abstract

Purpose: The hotel industry has become a competitive industry at the international level in recent decades, and countries have tended to use developed models and new techniques, and provide innovations to maximize income from it. As a result, it is critical to pay attention to how we can manage hotel income while noticing travel and passenger transportation costs and use modeling compatible with this field to optimize goal achievement. Methodology: The problems of optimizing hotel revenue management, passenger cost management, and analyzing how to expand the transportation used by them have been studied in this research. One of the key issues studied is to predict how to transport a passenger and choose its type based on different modes of travel such as air, rail, water, and road based on the amount of the passenger’s budget. Findings: Many effective factors and criteria have been considered in the modeling done, and the amount of hotel reception capacity in the selected cities of travelers and the provision of various types of rooms with different pricing, and the examination of elements related to the services provided to travelers by the hotel and different accesses of the hotel, which is based on the hotel’s revenue model, affect on. It is useful to estimate the state of competitive factors of hotels. Noteworthy, the transfer and mode of transportation have been determined to predict the level of demand for hotel reservations for all types of travelers during different periods in different tourism seasons. This subject is based on the traveler’s budget allocated for paying expenses during the travel pattern and the related results extracted from the estimated income model, as well as the influencing factors in choosing the hotel and transportation. Originality/Value: In the current study, the design of NP-Hard problems led to the use of exact methods in small-sized problems and two multi-objective meta-heuristic algorithms, namely NSGA-II and MOPSO, in medium-and large-sized problems. The computation results show that the proposed algorithms are efficient and suitable methods for problem-solving.

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