IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v7y1977i4p18-30.html
   My bibliography  Save this article

Decision Theory and the Innkeeper: An Approach for Setting Hotel Reservation Policy

Author

Listed:
  • Fred E. Williams

    (Clemson University and Georgia Institute of Technology)

Abstract

Hotel room demand stems from three sources: stayovers, reservations, and walk-ins. These demands are random, but the reservations demand can be partially controlled by varying the number of reservations accepted. An approach for setting reservation policies is developed and illustrated. Three choice criteria are suggested.

Suggested Citation

  • Fred E. Williams, 1977. "Decision Theory and the Innkeeper: An Approach for Setting Hotel Reservation Policy," Interfaces, INFORMS, vol. 7(4), pages 18-30, August.
    • Handle: RePEc:inm:orinte:v:7:y:1977:i:4:p:18-30
    DOI: 10.1287/inte.7.4.18
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.7.4.18
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.7.4.18?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Natalie Haynes, 2016. "The evolution of competitor data collection in the hotel industry and its application to revenue management and pricing," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(3), pages 258-263, July.
    2. Noah Gans & Sergei Savin, 2007. "Pricing and Capacity Rationing for Rentals with Uncertain Durations," Management Science, INFORMS, vol. 53(3), pages 390-407, March.
    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. Sergei V. Savin & Morris A. Cohen & Noah Gans & Ziv Katalan, 2005. "Capacity Management in Rental Businesses with Two Customer Bases," Operations Research, INFORMS, vol. 53(4), pages 617-631, August.
    5. Natalie Haynes & David Egan, 2020. "The perceptions of frontline employees towards hotel overbooking practices: exploring ethical challenges," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(2), pages 119-128, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:7:y:1977:i:4:p:18-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.