| Article ID: | iaor20061954 |
| Country: | United Kingdom |
| Volume: | 1 |
| Issue: | 3 |
| Start Page Number: | 207 |
| End Page Number: | 219 |
| Publication Date: | Oct 2002 |
| Journal: | Journal of Revenue and Pricing Management |
| Authors: | Piersma Nanda, Freling Richard, Pak Kevin, Goldman Paul |
| Keywords: | recreation & tourism, programming: mathematical |
This paper studies decision rules for accepting reservations for stays in a hotel based on deterministic and stochastic mathematical programming techniques. Booking control strategies are constructed, which include ideas for nesting, booking limits and bid prices. Multiple day stays are taken into account.