A DISCRETE STOCHASTIC APPROACH TO HOTEL REVENUE MANAGEMENT

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GHANDEHARI MAHSA; AHMADI MASOUD

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Journal: INTERNATIONAL JOURNAL OF INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT (IJIE) (INTERNATIONAL JOURNAL OF ENGINEERING SCIENCE) (PERSIAN) Year:2011 | Volume:22 | Issue:3 Page(s): 283-291

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Title

A DISCRETE STOCHASTIC APPROACH TO HOTEL REVENUE MANAGEMENT

Author(s)

GHANDEHARI MAHSA | AHMADI MASOUD | Issue Writer Certificate

Keywords

REVENUE MANAGEMENTQ2

MATHEMATICAL MODELINGQ1

STOCHASTIC PROGRAMMINGQ1

Abstract

A linear programming model has been presented for finding an appropriate planning in order to maximize hotel revenue. In this model, a special planning horizon has been considered that includes several busy days of a year. There are several reservation periods that may start a few months earlier. Each period of reservation may have different prices and so result different incomes. Hotel customers demand for different rooms and lengths of stay. Two situations of demand, deterministic and stochastic have been considered. We use different scenarios for stochastic demand. Finally, this model is solved by Lingo for cases discussed above.

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APA: Copy

GHANDEHARI, MAHSA, & AHMADI, MASOUD. (2011). A DISCRETE STOCHASTIC APPROACH TO HOTEL REVENUE MANAGEMENT. INTERNATIONAL JOURNAL OF INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT (IJIE) (INTERNATIONAL JOURNAL OF ENGINEERING SCIENCE) (PERSIAN), 22(3), 283-291. SID. https://sid.ir/paper/66014/en

Vancouver: Copy

GHANDEHARI MAHSA, AHMADI MASOUD. A DISCRETE STOCHASTIC APPROACH TO HOTEL REVENUE MANAGEMENT. INTERNATIONAL JOURNAL OF INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT (IJIE) (INTERNATIONAL JOURNAL OF ENGINEERING SCIENCE) (PERSIAN)[Internet]. 2011;22(3):283-291. Available from: https://sid.ir/paper/66014/en

IEEE: Copy

MAHSA GHANDEHARI, and MASOUD AHMADI, “A DISCRETE STOCHASTIC APPROACH TO HOTEL REVENUE MANAGEMENT,” INTERNATIONAL JOURNAL OF INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT (IJIE) (INTERNATIONAL JOURNAL OF ENGINEERING SCIENCE) (PERSIAN), vol. 22, no. 3, pp. 283–291, 2011, [Online]. Available: https://sid.ir/paper/66014/en

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