Browsing by Author "Padhi, Sidhartha"
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- Competitive revenue management for fixing quota and price of hotel commodities under uncertainty [Summary]Padhi, Sidhartha; Aggarwal, Vijay (Virginia Tech, 2011-09)This article develops an artificial neural network (ANN) based forecasting model using the past profit records of hotel commodities. Based on forecasting, hotel commodities are categorised into two kinds: ones that push up the revenue, and others, which pull it down. Thereafter, long and short term goals are formulated for fixing quota and proper revenue management under uncertainty.