Paper Details: Downloads: 360
Serial Number: P1120806023
Title: A Proposed Decision Support Model for Hotel Revenue Management
Authors: Neamat El Gayar and Abdeltawab M.A. Hendawi and Athanasius Zakhary and Hisham El-Shishiny
Abstract: Revenue Management (RM) is a technique that applies economic principles to system variables in order to maximize revenue. The focus of hotel RM, as perceived by most hospitality practitioners and researchers, is room revenue maximization. Available software products do not use any high level information and do not use sophisticated prediction models. In this paper we propose a conceptual RM model that relies on an accurate room demand forecast model and a dynamic room pricing and allocation model. The system also attempts to combine expert knowledge with statistical models to provide a exible and effective decision support tool for revenue maximization.
Keywords: A Proposed Decision Support Model for Hotel Revenue Management
Journal/Conference: International Journal of Artificial Intelligence and Machine Learning
Volume: 8
Issue: SI1
Submission Date: 12/1/2007 12:00:00 AM
Review Date: 1/1/2008 12:00:00 AM
Publishing Date: 2/1/2008 12:00:00 AM
Article Downloads: 360
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