Detailed Information on Publication Record
2018
MONTE CARLO SIMULATION IN REVENUE MANAGEMENT – SELECTED ISSUES
PETŘÍČEK, MartinBasic information
Original name
MONTE CARLO SIMULATION IN REVENUE MANAGEMENT – SELECTED ISSUES
Name (in English)
MONTE CARLO SIMULATION IN REVENUE MANAGEMENT – SELECTED ISSUES
Authors
PETŘÍČEK, Martin
Edition
1. vyd. Olomouc, KNOWLEDGE FOR MARKET USE 2018: PUBLIC FINANCES IN THE BACKGROUND OF SUSTAINABLE DEVELOPMENT, p. 359-363, 5 pp. 2018
Other information
Type of outcome
Stať ve sborníku
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
electronic version available online
Organization unit
University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
ISBN
978-80-244-5392-7
Keywords in English
Revenue Management, Simulation Monte Carlo
Tags
International impact, Reviewed
Změněno: 14/10/2018 10:16, doc. Ing. Martin Petříček, Ph.D.
V originále
The following paper focuses on the issue of Revenue Management in companies, which is mainly used in the service sector. The article focuses on the issue of creating economic models and software that optimizes sales in price management. Only the specifics related to probability simulation using the Monte Carlo method are discussed. The paper also discusses solutions to these problems, although not all of the problems are fully excluded, approaches are provided that at least mitigate their negative impact.
In English
The following paper focuses on the issue of Revenue Management in companies, which is mainly used in the service sector. The article focuses on the issue of creating economic models and software that optimizes sales in price management. Only the specifics related to probability simulation using the Monte Carlo method are discussed. The paper also discusses solutions to these problems, although not all of the problems are fully excluded, approaches are provided that at least mitigate their negative impact.