THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT

@article{14286,
   author = {Petříček, Martin and Sochůrková, Martina},
   article_location = {Praha 8},
   keywords = {business intelligence, Monte Carlo simulation, revenue management},
   issn = {1801-1535},
   journal = {Czech Hospitality and Tourism Papers},
   title = {THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT},
   year = {2015}
}

TY  - JOUR
ID  - 14286
AU  - Petříček, Martin - Sochůrková, Martina
PY  - 2015
TI  - THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT
JF  - Czech Hospitality and Tourism Papers
SP  - 18-25
EP  - 18-25
PB  - Vysoká škola hotelová v Praze 8, spol. s r. o.
SN  - 18011535
KW  - business intelligence, Monte Carlo simulation, revenue management
N2  - The paper describes the connection of Revenue Management software in the hospitality industry and of the use of simulation approaches for estimating future revenues. The mail goal of the article is to apply the Monte Corle simulation method to Revenue Management of particular hotel. Attention is focused exclusively on the Monte Carlo probabilistic simulation. Total output can then be used for further analysis and financial planning in the hotel.
ER  - 

PETŘÍČEK, Martin a Martina SOCHŮRKOVÁ. THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT. \textit{Czech Hospitality and Tourism Papers}. Praha 8: Vysoká škola hotelová v Praze 8, spol. s r. o., 2015, s.~18-25. ISSN~1801-1535.