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An overview of revenue management and dynamic pricing models in hotel business

  • Basic concepts and brief description of revenue management models and decision tools in the hotel business are presented. An overview of the relevant literature on dynamic pricing, forecasting methods and optimization models is provided. The main ideas of the authors’ customized revenue management method for the hotel business are presented.

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Metadaten
Document Type:Article
Language:English
Author:Erwin PeschORCiD, Andrei Bandalouski, Mikhail Y. KovalyovORCiD, S. Tarim
Center:Center for Advanced Studies in Management (CASiM)
DOI:https://doi.org/10.1051/ro/2018001
Parent Title (English):RAIRO / EPD Sciences. Operations research
ISSN:0399-0559
Volume:52
Issue:1 (January-March 2018)
Year of Completion:2018
First Page:119
Last Page:141
Tag:Revenue management; dynamic pricing; forecasting; optimization
Content Focus:Academic Audience
Peer Reviewed:Yes
Rankings:AJG Ranking / 1
SJR Ranking / Q3
Licence (German):License LogoUrheberrechtlich geschützt