Revenue management in the parking industry: a multiple garage intelligent reservation model
Sign Up to like & getrecommendations! Published in 2018 at "Transportation Planning and Technology"
DOI: 10.1080/03081060.2018.1435449
Abstract: ABSTRACT This paper explores how advanced reservations, coupled with dynamic pricing (based on booking limits) can be used to maximize parking revenue. An integer programing formulation that maximizes parking revenue over a system of garages… read more here.
Keywords: reservation; reservation model; revenue management; parking industry ... See more keywords
Hotel revenue management for the transient segment: taxonomy-based research
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Contemporary Hospitality Management"
DOI: 10.1108/ijchm-01-2019-0065
Abstract: This paper aims to (1) organize the open literature on hotel revenue management systems, (2) compare practitioner systems in terms of functionality and (3) integrate (1)-(2) into research stream recommendations for the open literature with… read more here.
Keywords: hotel revenue; research; revenue management; management ... See more keywords
Determinants of successful revenue management
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DOI: 10.1108/tr-07-2018-0091
Abstract: Purpose The aim of this paper is to define which characteristics of a hotel and staff organization determine successful revenue management (RM) implementation in urban hotels. Design/methodology/approach Multiple linear regression analysis was used to determine… read more here.
Keywords: implementation; revenue management; revenue; determinants successful ... See more keywords
Revenue management for Canadian professional sports organizations
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DOI: 10.1108/whatt-04-2017-0021
Abstract: Purpose This paper aims to recommend opportunities for professional sport leagues in the USA and Canada to apply the art and science of revenue management in order to minimize potential losses and maximize profits. Design/methodology/approach… read more here.
Keywords: professional sports; revenue management; sports organizations; revenue ... See more keywords
An Approximate Dynamic Programming Approach to Dynamic Pricing for Network Revenue Management
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DOI: 10.1111/poms.13075
Abstract: Much of the network revenue management literature considers capacity control problems where product prices are fixed and the product availability is controlled over time. However, for industries with imperfect competition, firms typically retain some pricing… read more here.
Keywords: management; revenue management; dynamic pricing; network revenue ... See more keywords
Digital transformation and revenue management: Evidence from the hotel industry
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DOI: 10.1177/1354816620901928
Abstract: To maximize their revenues and protect their market share against traditional competitors (e.g. formal lodging businesses) and disruptive business models (e.g. Airbnb), the lodging industry increasingly relies on technology in various operations. However, the extent… read more here.
Keywords: digital transformation; revenue management; industry; transformation ... See more keywords
Variable Pricing in Restaurant Revenue Management: A Priority Mixed Bundle Strategy
Sign Up to like & getrecommendations! Published in 2022 at "Cornell Hospitality Quarterly"
DOI: 10.1177/19389655221102387
Abstract: The restaurant industry has historically been limited in its ability to adopt traditional revenue management pricing practices (e.g., variable pricing across tables and times) because of three specific challenges: (a) inability to segment customers by… read more here.
Keywords: revenue management; restaurant; strategy; pricing ... See more keywords
The Application of Revenue Management in Chilled Storage Area Allocation: Simulation Study
Sign Up to like & getrecommendations! Published in 2021 at "Chiang Mai University journal of natural sciences"
DOI: 10.12982/cmujns.2021.029
Abstract: Resource planning in service industries is a difficult task and quite different from resource planning in manufacturing. Revenue management is one concept used in service industries when capacity and inventory are challenging to identify. In… read more here.
Keywords: area; revenue management; study; revenue ... See more keywords
Competitive analysis of online revenue management with two hierarchical resources and multiple fare classes
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DOI: 10.1371/journal.pone.0276530
Abstract: Resource allocation problem is one of key issues in the field of revenue management. The traditional models usually rely on some restrictive assumptions about demand information or arrival process, which is sometimes out of line… read more here.
Keywords: competitive analysis; revenue management; online;
Sea cargo revenue management: a scenario-based approach for order acceptance decision
Sign Up to like & getrecommendations! Published in 2020 at "World Review of Intermodal Transportation Research"
DOI: 10.1504/writr.2020.10028472
Abstract: In this paper, we consider a single-leg, single-departure period sea cargo revenue management problem. Since demand is uncertain, the carrier practices overbooking to better utilise capacity in which the overlooking quantity is fixed based on… read more here.
Keywords: sea cargo; revenue management; scenario based; management ... See more keywords
Model of Price Optimization as a Part of Hotel Revenue Management—Stochastic Approach
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DOI: 10.3390/math9131552
Abstract: The paper is focusing on the problem of price optimization in the area of accommodation services. The main aim is to propose a novel simulation-based methodology of price optimization based on the customer’s price acceptance.… read more here.
Keywords: optimization; revenue management; price optimization; stochastic approach ... See more keywords