A stochastic approach to hotel revenue management considering multiple-day stays

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	A stochastic approach to hotel revenue management considering multiple-day stays
	Liu, Shuqin ; Lai, Kin Keung ; Dong, Jichang ; Wang, Shou-Yang
	2006-09-01
发表期刊	INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING
ISSN	0219-6220
卷号	5 期号:3 页码:545-556
摘要	We present a stochastic optimization model for hotel revenue management with multiple-day stays under an uncertain environment. Since a decision maker may face several scenarios when renting out rooms, we use a semi-absolute deviation model to measure the risk of hotel revenue, and only consider the risk of falling below the expected revenue. The method proposed in this paper can be changed to a linear programming model by applying linearization techniques. Some examples are presented to illustrate the efficiency of this method.
关键词	revenue management stochastic programming semi-absolute deviation
语种	英语
WOS研究方向	Computer Science ; Operations Research & Management Science
WOS类目	Computer Science, Artificial Intelligence ; Computer Science, Information Systems ; Computer Science, Interdisciplinary Applications ; Operations Research & Management Science
WOS记录号	WOS:000241441600011
出版者	WORLD SCIENTIFIC PUBL CO PTE LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/3420
专题	中国科学院数学与系统科学研究院
通讯作者	Lai, Kin Keung
作者单位	1.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China 2.Hunan Univ, Coll Business Adm, Hunan 410082, Peoples R China 3.Beihang Univ, Sch Econ & Management, Beijing 100083, Peoples R China 4.Chinese Acad Sci, Grad Sch, Sch Management, Beijing 100080, Peoples R China 5.Chinese Acad Sci, Inst Syst Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China 6.Univ Tsukuba, Grad Sch Syst & Informat Engn, Tsukuba, Ibaraki 3058573, Japan
推荐引用方式 GB/T 7714	Liu, Shuqin,Lai, Kin Keung,Dong, Jichang,et al. A stochastic approach to hotel revenue management considering multiple-day stays[J]. INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING,2006,5(3):545-556.
APA	Liu, Shuqin,Lai, Kin Keung,Dong, Jichang,&Wang, Shou-Yang.(2006).A stochastic approach to hotel revenue management considering multiple-day stays.INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING,5(3),545-556.
MLA	Liu, Shuqin,et al."A stochastic approach to hotel revenue management considering multiple-day stays".INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING 5.3(2006):545-556.