International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064

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Review Papers | Mathematics | Indonesia | Volume 4 Issue 6, June 2015

Stochastic Model for Hotel Revenue Management

Siti Aisyah [6] | Titin Elfrida Situmorang | Sarul Hasan Ranut | Liza Setyaning Pertiwi [11]

Abstract: This study presents several revenue optimisation models for hotel room reservations for a future target day with multiple-day stays. Assume that the hotel has only one type of room but the unit rate for the room may be different during every booking period and every reservation may cover several days. A stochastic programming model with semi-absolute deviations for measuring the risk for hotel revenue under an uncertain environment is proposed. And this stochastic model can be changed into a linear programming model by applying linearisation techniques. Numerical examples are presented to illustrate the efficiency of these models.

Keywords: revenue management, semi-absolute deviation, stochastic programming

Edition: Volume 4 Issue 6, June 2015,

Pages: 1787 - 1789

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How to Cite this Article?

Siti Aisyah, Titin Elfrida Situmorang, Sarul Hasan Ranut, Liza Setyaning Pertiwi, "Stochastic Model for Hotel Revenue Management", International Journal of Science and Research (IJSR), Volume 4 Issue 6, June 2015, pp. 1787-1789,

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