OPTIMIZING HOTEL DYNAMIC PRICES

Authors
Publication date
1 October 2016
Publisher
The United Institute of Informatics Problems of the National Academy of Sciences of Belarus

Abstract

An approach to solvе a problem of determining optimal dynamic prices for hotel rooms is suggested. It includes selection of input parameters for the succeeding mathematical analysis, disaggregation of the demand into several categories, demand forecasting, simulation of demand- price relations, and a mathematical programming model for price optimization

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