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A Mathematical Approach To Revenue Management

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  • Lucian STANCIU-GORUN

Abstract

Revenue Management is an important part of the Hospitality Management process. It requires quick decision as well as precise prediction. Based on the results of the previous year, we’ll try to create an equation which will be used to make a projection of managerial performance for at least one year.

Suggested Citation

  • Lucian STANCIU-GORUN, 2019. "A Mathematical Approach To Revenue Management," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 675-683, November.
    • Handle: RePEc:rom:mancon:v:13:y:2019:i:1:p:675-683
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    File URL: https://conference.management.ase.ro/archives/2019/pdf/3_15.pdf
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    References listed on IDEAS

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    1. Stefan Poelt, 2011. "Practical Pricing and the Airline Industry," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 14, pages 192-207, Palgrave Macmillan.
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    Cited by:

    1. Georgiana-Florina ILIE (POPA) & Lucian STANCIU-GORUN, 2022. "Revenue Management Strategies in the Hotel Industry during a Crisis," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(2), pages 256-263, May.

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