Simulation-based integrated optimization of nesting policy and booking limits for revenue management

Y Luo, H Yan, S Zhang - Computers & Industrial Engineering, 2020 - Elsevier
… A simulation-based integrated method is designed to optimize both nesting … simulation-based
integrated method outperforms the popular EMSR heuristic and previous simulation-based

Model of price optimization as a part of hotel revenue management—stochastic approach

M Petricek, S Chalupa, D Melas - Mathematics, 2021 - mdpi.com
… , where the method optimizes the availability (overbooking levels) … was to propose a
simulation-based methodology of price … in the revenue management for the area of …

Revenue management using dynamic pricing strategies: modelling and simulation

S Akhiljyoth, M Vinod - International Journal of Management …, 2021 - inderscienceonline.com
… By creating a simulation based on the above-mentioned model, which has the … , overbooking,
personalization, risk-aversion and upgrading. Vast significance of revenue management

Revenue Management of Room Rates

B Vinod - Revenue Management in the Lodging Industry: Origins …, 2022 - Springer
… This chapter provides an end-to-end view of revenue management of hotel room rates. …
Revenue managers think of lodging revenue management along the dimensions of overbooking

CHAIRS: A choice-based air transport simulator applied to airline competition and revenue management

M Fukushi, F Delgado, S Raveau, BF Santos - Transportation Research Part …, 2022 - Elsevier
… with CHAIRS pertains overbooking models. This is an interesting subject that motivated
revenue management since its inception. The implementation of overbooking behavior could be …

A reinforcement learning approach for hotel revenue management with evidence from field experiments

J Chen, Y Xu, P Yu, J Zhang - … of Operations Management, 2023 - Wiley Online Library
… We consider a budget hotel chain's revenue management problem of deciding how to
dynamically allocate capacity to multiple segments of customers. Our work solves an industrial-…

A review of revenue management: Recent generalizations and advances in industry applications

R Klein, S Koch, C Steinhardt, AK Strauss - European journal of operational …, 2020 - Elsevier
… , overbooking, personalization, and risk-aversion. Furthermore, to demonstrate the broad
use of revenue management, … Based on this observation, they then propose a simulation-based

[PDF][PDF] Generalized Revenue Management Model for Small Hotels

JM Zarate-Carbajal, R Ruiz-Cruz, JD Sanchez-Torres - researchgate.net
revenue management from airlines to a small hotel system, and we describe a method to find
… Saleh, and AE-MM Bayoumi, “A simulation-based overbooking approach for hotel revenue

the real theory and practice of revenue management

DS Hopman - 2020 - research.vu.nl
This thesis discusses the real theory and practice of revenue management (RM). Over the
past few decades, there has been extensive research in RM that has led to interesting insights…

A systematic literature review of revenue management in passenger transportation

S Ammirato, AM Felicetti, R Linzalone… - Measuring Business …, 2020 - emerald.com
… review of the revenue management (RM) … revenue management with quantitative techniques
such as forecasting, optimization, and overbooking, this only paints part of the revenue-…