Bandalouski, Andrei M.; Egorova, Natalja G.; Kovalyov, … - In: Journal of Heuristics 27 (2021) 5, pp. 869-885
In this paper we present a novel approach to the dynamic pricing problem for hotel businesses. It includes disaggregation of the demand into several categories, forecasting, elastic demand simulation, and a mathematical programming model with concave quadratic objective function and linear...