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The hotel yield management with two types of room prices, overbooking and cancellations

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  • Koide, Takeshi
  • Ishii, Hiroaki

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  • Koide, Takeshi & Ishii, Hiroaki, 2005. "The hotel yield management with two types of room prices, overbooking and cancellations," International Journal of Production Economics, Elsevier, vol. 93(1), pages 417-428, January.
    • Handle: RePEc:eee:proeco:v:93-94:y:2005:i:1:p:417-428
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    1. Janakiram Subramanian & Shaler Stidham & Conrad J. Lautenbacher, 1999. "Airline Yield Management with Overbooking, Cancellations, and No-Shows," Transportation Science, INFORMS, vol. 33(2), pages 147-167, May.
    2. S. L. Brumelle & J. I. McGill, 1993. "Airline Seat Allocation with Multiple Nested Fare Classes," Operations Research, INFORMS, vol. 41(1), pages 127-137, February.
    3. Gabriel R. Bitran & Stephen M. Gilbert, 1996. "Managing Hotel Reservations with Uncertain Arrivals," Operations Research, INFORMS, vol. 44(1), pages 35-49, February.
    4. Badinelli, Ralph D., 2000. "An optimal, dynamic policy for hotel yield management," European Journal of Operational Research, Elsevier, vol. 121(3), pages 476-503, March.
    5. Gabriel R. Bitran & Susana V. Mondschein, 1995. "An Application of Yield Management to the Hotel Industry Considering Multiple Day Stays," Operations Research, INFORMS, vol. 43(3), pages 427-443, June.
    6. Renwick E. Curry, 1990. "Optimal Airline Seat Allocation with Fare Classes Nested by Origins and Destinations," Transportation Science, INFORMS, vol. 24(3), pages 193-204, August.
    7. Lawrence W. Robinson, 1995. "Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes," Operations Research, INFORMS, vol. 43(2), pages 252-263, April.
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    Cited by:

    1. You, Peng-Sheng, 2008. "An efficient computational approach for railway booking problems," European Journal of Operational Research, Elsevier, vol. 185(2), pages 811-824, March.
    2. Naragain Phumchusri & Phatsakorn Sangsukiam & Nannapat Chariyasethapong, 2020. "Optimal overbooking model for car rental business with two levels of prices having stochastic joint booking and show-up levels," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(3), pages 190-209, June.
    3. Aydin, N. & Birbil, S.I., 2018. "Decomposition methods for dynamic room allocation in hotel revenue management," European Journal of Operational Research, Elsevier, vol. 271(1), pages 179-192.
    4. Guo, Xiaolong & Dong, Yufeng & Ling, Liuyi, 2016. "Customer perspective on overbooking: The failure of customers to enjoy their reserved services, accidental or intended?," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 65-72.
    5. Lazov, Igor, 2017. "Profit management of car rental companies," European Journal of Operational Research, Elsevier, vol. 258(1), pages 307-314.
    6. Saito, Taiga & Takahashi, Akihiko & Koide, Noriaki & Ichifuji, Yu, 2019. "Application of online booking data to hotel revenue management," International Journal of Information Management, Elsevier, vol. 46(C), pages 37-53.
    7. Klein, Robert & Koch, Sebastian & Steinhardt, Claudius & Strauss, Arne K., 2020. "A review of revenue management: Recent generalizations and advances in industry applications," European Journal of Operational Research, Elsevier, vol. 284(2), pages 397-412.
    8. Xiaolong Guo & Lina He, 2012. "Tourism Supply-Chain Coordination: The Cooperation between Tourism Hotel and Tour Operator," Tourism Economics, , vol. 18(6), pages 1361-1376, December.
    9. Chiang-Ming Chen & Kuo-Liang Chang, 2012. "Effect of Price Instability on Hotel Profitability," Tourism Economics, , vol. 18(6), pages 1351-1360, December.
    10. Okan Çolak & Levent Koşan, 2021. "Price Sensitivity Measurement: A Yield Management Approach," Istanbul Business Research, Istanbul University Business School, vol. 50(1), pages 47-76, May.
    11. Stanislav H. Ivanov, 2015. "Optimal Overbooking Limits for a Hotel with Three Room Types and with Upgrade and dOwngrade Constraints," Tourism Economics, , vol. 21(1), pages 223-240, February.
    12. Yufeng Dong & Liuyi Ling, 2015. "Hotel Overbooking and Cooperation with Third-Party Websites," Sustainability, MDPI, vol. 7(9), pages 1-17, August.
    13. Simović, Olivera & Rađenović, Žarko & Perović, Djurdjica & Vujačić, Vesna, 2020. "Tourism in the Digital Age: E-booking Perspective," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2020), Virtual Conference, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Virtual Conference, 10-12 September 2020, pages 616-627, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    14. Subramanian, Nachiappan & Gunasekaran, Angappa & Gao, Yanan, 2016. "Innovative service satisfaction and customer promotion behaviour in the Chinese budget hotel: an empirical study," International Journal of Production Economics, Elsevier, vol. 171(P2), pages 201-210.
    15. Roma, Paolo & Panniello, Umberto & Lo Nigro, Giovanna, 2019. "Sharing economy and incumbents' pricing strategy: The impact of Airbnb on the hospitality industry," International Journal of Production Economics, Elsevier, vol. 214(C), pages 17-29.
    16. Taiga Saito & Akihiko Takahashi & Noriaki Koide & Yu Ichifuji, 2017. "Optimal Overbooking Strategy in Online Hotel Booking Systems," CIRJE F-Series CIRJE-F-1065, CIRJE, Faculty of Economics, University of Tokyo.
    17. Taiga Saito & Akihiko Takahashi & Noriaki Koide & Yu Ichifuji, 2017. "Optimal overbooking strategy in online hotel booking systems¡ÊRevised as "Application of Online Booking Data to Hotel Revenue Management" in F-448¡Ë," CARF F-Series CARF-F-421, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    18. Seung Hyun Lee & Cynthia S. Deale & Jaeyong Lee, 2022. "Does it pay to book direct?: Customers’ perceptions of online channel distributors, price, and loyalty membership on brand dimensions," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(6), pages 657-667, December.

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