Phumchusri, Naragain; Maneesophon, Panaratch - In: Journal of Hospitality and Tourism Technology 5 (2014) 3, pp. 261-277
Purpose – This paper aims to develop overbooking models to determine the optimal number of overbooking for hotels … the optimal solutions of overbooking for stochastic cancellation. Findings – The authors prove that for hotels with only … one type of room, there exists a closed form solution to guarantee the optimal number of overbooking, depending on the …