Golf course revenue management

Golf course revenue management

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Article ID: iaor20113391
Volume: 10
Issue: 2
Start Page Number: 105
End Page Number: 111
Publication Date: Mar 2011
Journal: Journal of Revenue and Pricing Management
Authors: ,
Keywords: sports, combinatorial optimization, programming: linear
Abstract:

This research is based on an analysis of golf course tee‐time reservation practice. Specifically, this article presents a unique linear model that can be used to assign the demand to the available tee‐times, and thus, maximize their utilization and the total revenue. The model is solved by using the SAS‐OR built‐in branch and bound (B&B) algorithm. To reduce the computational time, we propose a heuristic to find an initial feasible solution to the model. This initial solution reduces the CPU time substantially and enabled us to solve the larger‐scale problem by using the SAS‐OR.

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