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Data Set--Choice-Based Revenue Management: Data from a Major Hotel Chain

Author

Listed:
  • Tudor Bodea

    () (School of Civil and Environmental Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332)

  • Mark Ferguson

    () (College of Management, Georgia Institute of Technology, Atlanta, Georgia 30308)

  • Laurie Garrow

    () (School of Civil and Environmental Engineering, Georgia Institute of Technology, Atlanta, Georgia 30332)

Abstract

In this paper, we describe data collected from five U.S. properties of a major hotel chain that can be used to benchmark the performance of choice-based revenue management (RM) algorithms. The process used to collect this data illustrates subtle complexities involved in extracting product availability information from current RM systems and sheds new light on practical issues that need to be addressed to successfully implement choice-based RM systems. The data described in this paper is publicly available at the journal's website at http://msom.pubs.informs.org .

Suggested Citation

  • Tudor Bodea & Mark Ferguson & Laurie Garrow, 2009. "Data Set--Choice-Based Revenue Management: Data from a Major Hotel Chain," Manufacturing & Service Operations Management, INFORMS, vol. 11(2), pages 356-361, December.
  • Handle: RePEc:inm:ormsom:v:11:y:2009:i:2:p:356-361
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    File URL: http://dx.doi.org/10.1287/msom.1080.0231
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    References listed on IDEAS

    as
    1. Kalyan Talluri & Garrett van Ryzin, 2004. "Revenue Management Under a General Discrete Choice Model of Consumer Behavior," Management Science, INFORMS, vol. 50(1), pages 15-33, January.
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    Cited by:

    1. Sumit Kunnumkal & Kalyan Talluri, 2014. "On the Tractability of the Piecewiselinear Approximation for General Discrete-Choice Network Revenue Management," Working Papers 749, Barcelona Graduate School of Economics.
    2. Sumit Kunnumkal & Kalyan Talluri, 2012. "A New Compact Linear Programming Formulation for Choice Network Revenue Management," Working Papers 677, Barcelona Graduate School of Economics.
    3. repec:eee:touman:v:59:y:2017:i:c:p:36-56 is not listed on IDEAS
    4. Arne Strauss & Kalyan Talluri, 2012. "A tractable consideration set structure for network revenue management," Economics Working Papers 1303, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2012.
    5. Sumit Kunnumkal & Kalyan Talluri, 2012. "A new compact linear programming formulation for choice network revenue management," Economics Working Papers 1349, Department of Economics and Business, Universitat Pompeu Fabra.
    6. Sumit Kunnumkal & Kalyan Talluri, 2014. "On the tractability of the piecewise-linear approximation for general discrete-choice network revenue management," Economics Working Papers 1409, Department of Economics and Business, Universitat Pompeu Fabra.

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