An Overview of Revenue Management and Dynamic Pricing Models in Hotel Business

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Abstract

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.

Description

Tarim, S. Armagan/0000-0001-5601-3968; Kovalyov, Mikhail/0000-0003-0832-0829

Keywords

Revenue Management, Dynamic Pricing, Forecasting, Optimization, Management decision making, including multiple objectives, revenue management, dynamic pricing, forecasting, optimization, Asset pricing models

Fields of Science

0502 economics and business, 05 social sciences, 0211 other engineering and technologies, 02 engineering and technology

Citation

Bandalouski, A.M., Kovalyov, M.Y., Pesch, E., Tarım, S.A. (2018). An overview of revenue management and dynamic pricing models in hotel business. Rairo-Operations Research, 52(1), 119-141. http://dx.doi.org/10.1016/10.1051/ro/2018001

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15

Volume

52

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1

Start Page

119

End Page

141
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CrossRef : 12

Scopus : 17

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Mendeley Readers : 66

SCOPUS™ Citations

17

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Web of Science™ Citations

13

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6

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3.2461

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