Modeling a hotel room assignment problem

Modeling a hotel room assignment problem

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Article ID: iaor20132634
Volume: 12
Issue: 2
Start Page Number: 120
End Page Number: 127
Publication Date: Mar 2013
Journal: Journal of Revenue and Pricing Management
Authors: , ,
Keywords: heuristics
Abstract:

This article studies hotel room assignment for reservations. We develop a heuristic method to maximize the number of bookings to accommodate. A feasible solution from the heuristic method is fed to an MIP formulation for an expedited solution. Based on numerical tests, our proposed model and algorithm considerably outperform the traditional manual practice for room assignments. The empty nights between two adjacent assignments of the same room, called gaps, cause losses of service capacity. Our model reduces gaps when assigning rooms.

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