DYNAMIC OPERATING RULES FOR MOTEL RESERVATIONS

Shaul P. Ladany

doi:10.1111/j.1540-5915.1976.tb00722.x

DYNAMIC OPERATING RULES FOR MOTEL RESERVATIONS

Shaul P. Ladany

Department of Industrial Engineering and Management

Research output: Contribution to journal › Article › peer-review

44 Scopus citations

Abstract

When customers call a motel or a hotel to reserve a particular room (large, small, suites, single‐bed, double‐bed, etc.) decisions have to be made concerning the allocation of the available rooms. This paper presents a model for determining the maximum number of specific bookings that should be made for each type of room. The objective is to maximize the expected contribution to profit per rental day. The model considers the distribution of requests for reservations over time as well as cancellations. Also included are the effects of late (unbooked) arrivals and overbookings.

Original language	English
Pages (from-to)	829-840
Number of pages	12
Journal	Decision Sciences
Volume	7
Issue number	4
DOIs	https://doi.org/10.1111/j.1540-5915.1976.tb00722.x
State	Published - 1 Jan 1976

ASJC Scopus subject areas

General Business, Management and Accounting
Strategy and Management
Information Systems and Management
Management of Technology and Innovation

Access to Document

10.1111/j.1540-5915.1976.tb00722.x

Cite this

@article{1f1294e11e3544d08d4b91c5ef81caa6,

title = "DYNAMIC OPERATING RULES FOR MOTEL RESERVATIONS",

abstract = "When customers call a motel or a hotel to reserve a particular room (large, small, suites, single‐bed, double‐bed, etc.) decisions have to be made concerning the allocation of the available rooms. This paper presents a model for determining the maximum number of specific bookings that should be made for each type of room. The objective is to maximize the expected contribution to profit per rental day. The model considers the distribution of requests for reservations over time as well as cancellations. Also included are the effects of late (unbooked) arrivals and overbookings.",

author = "Ladany, {Shaul P.}",

year = "1976",

month = jan,

day = "1",

doi = "10.1111/j.1540-5915.1976.tb00722.x",

language = "English",

volume = "7",

pages = "829--840",

journal = "Decision Sciences",

issn = "0011-7315",

publisher = "Wiley-Blackwell Publishing Ltd",

number = "4",

}

TY - JOUR

T1 - DYNAMIC OPERATING RULES FOR MOTEL RESERVATIONS

AU - Ladany, Shaul P.

PY - 1976/1/1

Y1 - 1976/1/1

N2 - When customers call a motel or a hotel to reserve a particular room (large, small, suites, single‐bed, double‐bed, etc.) decisions have to be made concerning the allocation of the available rooms. This paper presents a model for determining the maximum number of specific bookings that should be made for each type of room. The objective is to maximize the expected contribution to profit per rental day. The model considers the distribution of requests for reservations over time as well as cancellations. Also included are the effects of late (unbooked) arrivals and overbookings.

AB - When customers call a motel or a hotel to reserve a particular room (large, small, suites, single‐bed, double‐bed, etc.) decisions have to be made concerning the allocation of the available rooms. This paper presents a model for determining the maximum number of specific bookings that should be made for each type of room. The objective is to maximize the expected contribution to profit per rental day. The model considers the distribution of requests for reservations over time as well as cancellations. Also included are the effects of late (unbooked) arrivals and overbookings.

UR - http://www.scopus.com/inward/record.url?scp=0001249484&partnerID=8YFLogxK

U2 - 10.1111/j.1540-5915.1976.tb00722.x

DO - 10.1111/j.1540-5915.1976.tb00722.x

M3 - Article

AN - SCOPUS:0001249484

SN - 0011-7315

VL - 7

SP - 829

EP - 840

JO - Decision Sciences

JF - Decision Sciences

IS - 4

ER -

DYNAMIC OPERATING RULES FOR MOTEL RESERVATIONS

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this