Customer type discovery in hotel revenue management by Memetic algorithm
Author
Abstract
Suggested Citation
DOI: 10.1057/s41272-022-00408-4
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kalyan Talluri & Garrett van Ryzin, 2004. "Revenue Management Under a General Discrete Choice Model of Consumer Behavior," Management Science, INFORMS, vol. 50(1), pages 15-33, January.
- Garrett van Ryzin & Gustavo Vulcano, 2015. "A Market Discovery Algorithm to Estimate a General Class of Nonparametric Choice Models," Management Science, INFORMS, vol. 61(2), pages 281-300, February.
- Sumit Kunnumkal, 2014. "Randomization Approaches for Network Revenue Management with Customer Choice Behavior," Production and Operations Management, Production and Operations Management Society, vol. 23(9), pages 1617-1633, September.
- Milad HajMirzaei & Koorush Ziarati & Alireza Nikseresht, 2020. "Discovering customer types using sales transactions and product availability data of 5 hotel datasets with genetic algorithm," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(6), pages 386-400, December.
- Lee, Haengju & Eun, Yongsoon, 2020. "Discovering heterogeneous consumer groups from sales transaction data," European Journal of Operational Research, Elsevier, vol. 280(1), pages 338-350.
- Garrett van Ryzin & Gustavo Vulcano, 2017. "Technical Note—An Expectation-Maximization Method to Estimate a Rank-Based Choice Model of Demand," Operations Research, INFORMS, vol. 65(2), pages 396-407, April.
- Chen, Lijian & Homem-de-Mello, Tito, 2010. "Mathematical programming models for revenue management under customer choice," European Journal of Operational Research, Elsevier, vol. 203(2), pages 294-305, June.
- Jeffrey P. Newman & Mark E. Ferguson & Laurie A. Garrow & Timothy L. Jacobs, 2014. "Estimation of Choice-Based Models Using Sales Data from a Single Firm," Manufacturing & Service Operations Management, INFORMS, vol. 16(2), pages 184-197, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hamed Sherafat Moula & S. Hadi Yaghoubyan & Razieh Malekhosseini & Karamollah Bagherifard, 2024. "Customer type discovery in hotel revenue management: a data mining approach," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 23(3), pages 238-248, June.
- Ian Yeoman, 2023. "Diversification of revenue management and pricing," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(6), pages 429-430, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Milad HajMirzaei & Koorush Ziarati & Alireza Nikseresht, 2022. "A customer type discovery algorithm in hotel revenue management systems," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(2), pages 200-211, April.
- Hamed Sherafat Moula & S. Hadi Yaghoubyan & Razieh Malekhosseini & Karamollah Bagherifard, 2024. "Customer type discovery in hotel revenue management: a data mining approach," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 23(3), pages 238-248, June.
- Milad HajMirzaei & Koorush Ziarati & Alireza Nikseresht, 0. "Discovering customer types using sales transactions and product availability data of 5 hotel datasets with genetic algorithm," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 0, pages 1-15.
- Milad HajMirzaei & Koorush Ziarati & Alireza Nikseresht, 2020. "Discovering customer types using sales transactions and product availability data of 5 hotel datasets with genetic algorithm," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(6), pages 386-400, December.
- Strauss, Arne K. & Klein, Robert & Steinhardt, Claudius, 2018. "A review of choice-based revenue management: Theory and methods," European Journal of Operational Research, Elsevier, vol. 271(2), pages 375-387.
- Flores, Alvaro & Berbeglia, Gerardo & Van Hentenryck, Pascal, 2019. "Assortment optimization under the Sequential Multinomial Logit Model," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1052-1064.
- Garrett van Ryzin & Gustavo Vulcano, 2015. "A Market Discovery Algorithm to Estimate a General Class of Nonparametric Choice Models," Management Science, INFORMS, vol. 61(2), pages 281-300, February.
- Qi Feng & J. George Shanthikumar & Mengying Xue, 2022. "Consumer Choice Models and Estimation: A Review and Extension," Production and Operations Management, Production and Operations Management Society, vol. 31(2), pages 847-867, February.
- Barbier, Thibault & Anjos, Miguel F. & Cirinei, Fabien & Savard, Gilles, 2020. "Product-closing approximation for ranking-based choice network revenue management," European Journal of Operational Research, Elsevier, vol. 286(3), pages 1002-1017.
- Joonkyum Lee & Vishal Gaur & Suresh Muthulingam & Gary F. Swisher, 2016. "Stockout-Based Substitution and Inventory Planning in Textbook Retailing," Manufacturing & Service Operations Management, INFORMS, vol. 18(1), pages 104-121, February.
- Srikanth Jagabathula & Gustavo Vulcano, 2018. "A Partial-Order-Based Model to Estimate Individual Preferences Using Panel Data," Management Science, INFORMS, vol. 64(4), pages 1609-1628, April.
- Alice Paul & Jacob Feldman & James Mario Davis, 2018. "Assortment Optimization and Pricing Under a Nonparametric Tree Choice Model," Manufacturing & Service Operations Management, INFORMS, vol. 20(3), pages 550-565, July.
- Garrett van Ryzin & Gustavo Vulcano, 2017. "Technical Note—An Expectation-Maximization Method to Estimate a Rank-Based Choice Model of Demand," Operations Research, INFORMS, vol. 65(2), pages 396-407, April.
- Meissner, Joern & Strauss, Arne, 2012.
"Network revenue management with inventory-sensitive bid prices and customer choice,"
European Journal of Operational Research, Elsevier, vol. 216(2), pages 459-468.
- Joern Meissner & Arne Strauss, 2008. "Network Revenue Management with Inventory-Sensitive Bid Prices and Customer Choice," Working Papers MRG/0008, Department of Management Science, Lancaster University, revised Apr 2010.
- Chiou, Yu-Chiun & Liu, Chia-Hsin, 2016. "Advance purchase behaviors of air passengers: A continuous logit model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 93(C), pages 474-484.
- John V. Colias & Stella Park & Elizabeth Horn, 2021. "Optimizing B2B product offers with machine learning, mixed logit, and nonlinear programming," Journal of Marketing Analytics, Palgrave Macmillan, vol. 9(3), pages 157-172, September.
- Zizhuo Wang & Chaolin Yang & Hongsong Yuan & Yaowu Zhang, 2021. "Aggregation Bias in Estimating Log‐Log Demand Function," Production and Operations Management, Production and Operations Management Society, vol. 30(11), pages 3906-3922, November.
- Dimitris Bertsimas & Velibor V. Mišić, 2019. "Exact First-Choice Product Line Optimization," Operations Research, INFORMS, vol. 67(3), pages 651-670, May.
- Jacob Feldman & Alice Paul & Huseyin Topaloglu, 2019. "Technical Note—Assortment Optimization with Small Consideration Sets," Operations Research, INFORMS, vol. 67(5), pages 1283-1299, September.
- Shivaram Subramanian & Pavithra Harsha, 2021. "Demand Modeling in the Presence of Unobserved Lost Sales," Management Science, INFORMS, vol. 67(6), pages 3803-3833, June.
More about this item
Keywords
Revenue management; Memetic algorithm; Metaheuristic algorithm; Genetic algorithm;All these keywords.
Statistics
Access and download statisticsCorrections
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:pal:jorapm:v:22:y:2023:i:6:d:10.1057_s41272-022-00408-4. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.