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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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M.Tech / M.E / PhD Thesis, Mathematics, Indonesia, Volume 3 Issue 11, November 2014
Pages: 1235 - 1241Approximation in Linear Stochastic Programming Using L-Shaped Method
Liza Setyaning Pertiwi [11] | Rini Purwanti | Wilma Handayani [4] | Prof. Dr. Herman Mawengkang
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Research Paper, Mathematics, Indonesia, Volume 4 Issue 9, September 2015
Pages: 1318 - 1321Stochastic Model for Airline Revenue Management
Liza Setyaning Pertiwi [11] | Wagiono | Herlin Simanullang