Revenue Management Pricing in Douro Hotels

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dc.contributor.authorCorreia, Elisete
dc.contributor.authorDias, Sónia
dc.contributor.authorFerreira, Fernanda
dc.contributor.authorMoura, Ana
dc.contributor.authorNunes, Paula
dc.contributor.authorPereira, Teresa
dc.contributor.authorPereira, Carla
dc.contributor.authorSoares, Filomena
dc.contributor.authorSoares, João
dc.date.accessioned2016-11-08T15:17:59Z
dc.date.available2016-11-08T15:17:59Z
dc.date.issued2016-09-26
dc.description.abstractThe Douro Palace Hotel management wants to develop a software that helps them with the dynamic pricing of the hotel rooms. Revenue Management software is widely used for data analysis of demand and prices. However the hotel barely follows the software recommendations for pricing decisions, mainly due to the lack of understanding of the rationale and the inherent diffi culty in validating pricing decisions. The hotel would like to have a reliable model in order to give to the manager an overview of the business and how to act to improve the sales.In this report, we present two distinct methodologies to address the hotel request. The fi rst approach is excel based and more practically oriented towards to be an immediate help of the current pricing decisions. A second approach is more formal, mathematically speaking, but requires a more time consuming implementation. It is based on a recent operations management/ operations research paper.pt
dc.identifier.urihttp://hdl.handle.net/10348/6767
dc.language.isoengpt
dc.publisherPortuguese Study Grouppt
dc.relation.ispartofCM - Centro de Matemáticapt
dc.rightsrestricted accesspt
dc.subjectRevenue Managementpt
dc.subjectDynamic Pricing Algorithmpt
dc.subjectPricing decisionspt
dc.subjectReference pricept
dc.subjecthotel room forecastingpt
dc.titleRevenue Management Pricing in Douro Hotelspt
dc.typereportpt
degois.publication.locationPortopt
degois.publication.title119th European Study Group with Industrypt
dspace.entity.typePublicationen
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