Volume 22, Issue 3 (IJIEPM 2011)                   2011, 22(3): 283-291 | Back to browse issues page

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Ghandehari M, Ahmadi M. A Discrete Stochastic Approach to Hotel Revenue Management. Journal title 2011; 22 (3) :283-291
URL: http://ijiepm.iust.ac.ir/article-1-737-en.html
Assistance professor, Faculty of administrative Science & Economics, University of Isfahan,Iran , m.ghandehary@ase.ui.ir
Abstract:   (4818 Views)

  A linear programming model has been presented for finding an appropriate planning in order to maximize hotel revenue. In this model, a special planning horizon has been considered that includes several busy days of a year. There are several reservation periods that may start a few months earlier. Each period of reservation may have different prices and so result different incomes. Hotel customers demand for different rooms and lengths of stay. Two situations of demand, deterministic and stochastic have been considered. We use different scenarios for stochastic demand. Finally, this model is solved by Lingo for cases discussed above .

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Type of Study: Research | Subject: Other related Industrial and production reserach subjects in which has direct relation to the state-of-the art of the IE
Received: 2011/12/11 | Accepted: 2013/07/15 | Published: 2013/07/15

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