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An optimal, dynamic policy for hotel yield management

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  • Badinelli, Ralph D.

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  • Badinelli, Ralph D., 2000. "An optimal, dynamic policy for hotel yield management," European Journal of Operational Research, Elsevier, vol. 121(3), pages 476-503, March.
    • Handle: RePEc:eee:ejores:v:121:y:2000:i:3:p:476-503
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    1. Gabriel R. Bitran & Stephen M. Gilbert, 1996. "Managing Hotel Reservations with Uncertain Arrivals," Operations Research, INFORMS, vol. 44(1), pages 35-49, February.
    2. Guillermo Gallego & Garrett van Ryzin, 1994. "Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons," Management Science, INFORMS, vol. 40(8), pages 999-1020, August.
    3. Fred Glover & Randy Glover & Joe Lorenzo & Claude McMillan, 1982. "The Passenger-Mix Problem in the Scheduled Airlines," Interfaces, INFORMS, vol. 12(3), pages 73-80, June.
    4. Renwick E. Curry, 1990. "Optimal Airline Seat Allocation with Fare Classes Nested by Origins and Destinations," Transportation Science, INFORMS, vol. 24(3), pages 193-204, August.
    5. Marvin Rothstein, 1971. "An Airline Overbooking Model," Transportation Science, INFORMS, vol. 5(2), pages 180-192, May.
    6. Peter P. Belobaba, 1989. "OR Practice—Application of a Probabilistic Decision Model to Airline Seat Inventory Control," Operations Research, INFORMS, vol. 37(2), pages 183-197, April.
    7. Carpenter, Gregory S. & Hanssens, Dominique M., 1994. "Market expansion, cannibalization, and international airline pricing strategy," International Journal of Forecasting, Elsevier, vol. 10(2), pages 313-326, September.
    8. Lawrence W. Robinson, 1995. "Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes," Operations Research, INFORMS, vol. 43(2), pages 252-263, April.
    9. Richard D. Wollmer, 1992. "An Airline Seat Management Model for a Single Leg Route When Lower Fare Classes Book First," Operations Research, INFORMS, vol. 40(1), pages 26-37, February.
    10. Lawrence R. Weatherford & Samuel E. Bodily, 1992. "A Taxonomy and Research Overview of Perishable-Asset Revenue Management: Yield Management, Overbooking, and Pricing," Operations Research, INFORMS, vol. 40(5), pages 831-844, October.
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    Cited by:

    1. Nadia El-Nemr & Béatrice Canel-Depitre & Atour Taghipour, 2017. "Determinants Of Hotel Room Rates," Post-Print hal-02332636, HAL.
    2. Martin Petricek & Stepan Chalupa & David Melas, 2021. "Model of Price Optimization as a Part of Hotel Revenue Management—Stochastic Approach," Mathematics, MDPI, vol. 9(13), pages 1-16, July.
    3. Guo, Xiaolong & Dong, Yufeng & Ling, Liuyi, 2016. "Customer perspective on overbooking: The failure of customers to enjoy their reserved services, accidental or intended?," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 65-72.
    4. Abrate, Graziano & Capriello, Antonella & Fraquelli, Giovanni, 2011. "When quality signals talk: Evidence from the Turin hotel industry," Tourism Management, Elsevier, vol. 32(4), pages 912-921.
    5. Zhao, Y. & Triantis, K. & Teodorovic, D. & Edara, P., 2010. "A travel demand management strategy: The downtown space reservation system," European Journal of Operational Research, Elsevier, vol. 205(3), pages 584-594, September.
    6. Martin Petricek & Stepan Chalupa & Karel Chadt, 2020. "Identification of Consumer Behavior Based on Price Elasticity: A Case Study of the Prague Market of Accommodation Services," Sustainability, MDPI, vol. 12(22), pages 1-14, November.
    7. Aslani, Shirin & Modarres, Mohammad & Sibdari, Soheil, 2014. "On the fairness of airlines’ ticket pricing as a result of revenue management techniques," Journal of Air Transport Management, Elsevier, vol. 40(C), pages 56-64.
    8. Koide, Takeshi & Ishii, Hiroaki, 2005. "The hotel yield management with two types of room prices, overbooking and cancellations," International Journal of Production Economics, Elsevier, vol. 93(1), pages 417-428, January.
    9. Tim Dittmer & Bob Carbaugh, 2014. "Major League Baseball: Dynamic Ticket Pricing and Measurement Costs," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 14(1), pages 44-57, Fall.
    10. Chung, Younshik & Song, Taijin & Park, Jungsik, 2012. "Freeway booking policy: Public discourse and acceptability analysis," Transport Policy, Elsevier, vol. 24(C), pages 223-231.
    11. Aldric Vives & Marta Jacob & Eugeni Aguiló, 2019. "Online hotel demand model and own-price elasticities: An empirical application in a mature resort destination," Tourism Economics, , vol. 25(5), pages 670-694, August.
    12. Tang, Christopher S., 2006. "Perspectives in supply chain risk management," International Journal of Production Economics, Elsevier, vol. 103(2), pages 451-488, October.
    13. Chen, Bo & Zhang, Xiandong, 2019. "Scheduling with time-of-use costs," European Journal of Operational Research, Elsevier, vol. 274(3), pages 900-908.
    14. Hung, Yi-Feng & Lee, Tzu-Yuan, 2010. "Capacity rationing decision procedures with order profit as a continuous random variable," International Journal of Production Economics, Elsevier, vol. 125(1), pages 125-136, May.
    15. Bernardo Pereira Bastos, 2023. "Contribution of hotels’ revenue management for supply chain sustainability," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(4), pages 294-305, August.
    16. Oleg Shcherbina & Elena Shembeleva, 2014. "Modeling recreational systems using optimization techniques and information technologies," Annals of Operations Research, Springer, vol. 221(1), pages 309-329, October.
    17. Valerio Lacagnina & Davide Provenzano, 2016. "An integrated fuzzy-stochastic model for revenue management," Tourism Economics, , vol. 22(4), pages 779-792, August.

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