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Mathematical models for group revenue management

Authors: Guadix Martín, José; Larrañeta Astola, Juan Carlos; Onieva, Luis;

Mathematical models for group revenue management

Abstract

Revenue Management is a technique focus to decision rules for maximizing profit from sale of perish-able inventory units. This paper deals with the special case of hotel revenue management, which can be solved using deterministic and stochastic mathematical programming techniques. We first describe the problem with a theoreti-cal framework that sets the revenue maximization criteria for a hotel. We consider the general case of the problem that accept independent and group guests, with a general mixed integer linear programming model that maximize the total forecasting. Finally, we made comparisons be-tween different proposed models and were found good-quality solutions in short running times.

Country
Spain
Related Organizations
Keywords

Group revenue management, Yield Management, Hotels

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
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