PETŘÍČEK, Martin. MONTE CARLO SIMULATION IN REVENUE MANAGEMENT – SELECTED ISSUES. Online. In Pavla Slavíčková, Tomáš Talášek. KNOWLEDGE FOR MARKET USE 2018: PUBLIC FINANCES IN THE BACKGROUND OF SUSTAINABLE DEVELOPMENT. 1st ed. Olomouc, 2018, p. 359-363. ISBN 978-80-244-5392-7.
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Basic 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 Proceedings paper
Confidentiality degree is not subject to a state or trade secret
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
Changed by Changed by: doc. Ing. Martin Petříček, Ph.D., učo 14750. Changed: 14/10/2018 10:16.
Abstract
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.
Abstract (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.
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