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@article{27045, author = {Petříček, Martin and Chalupa, Štěpán and Levičková, Věra}, doi = {http://dx.doi.org/10.1057/s41272-021-00328-9}, issn = {1476-6930}, journal = {Journal of Revenue and Pricing Management}, title = {Comparison of expected marginal revenue models in the hospitality industry}, year = {2021} }
TY - JOUR ID - 27045 AU - Petříček, Martin - Chalupa, Štěpán - Levičková, Věra PY - 2021 TI - Comparison of expected marginal revenue models in the hospitality industry JF - Journal of Revenue and Pricing Management PB - Springer SN - 14766930 N2 - This paper focuses on the issue of revenue management models that are based on Littlewood's rule. The main aim of this paper is to compare the Expected Marginal Seat Revenue model in the two variants: EMSRa and EMSRb model. The whole application is made in the hospdels that are based on Littlewood's rule. The main aim of this paper is to compare the Expected Marginal Seat Revenue model in the two variants: EMSRa and EMSRb model. The whole application is made in the hospitality industry and is based on historical data provided by the accommodation facility. The main results show, that there are only a few differences between EMSRa and EMSRb models. Nevertheless, the EMSRb model can be more robust for the facilities with a higher variety of the clients (measured by the standard deviation). ER -
PETŘÍČEK, Martin, Štěpán CHALUPA and Věra LEVIČKOVÁ. Comparison of expected marginal revenue models in the hospitality industry. \textit{Journal of Revenue and Pricing Management}. Springer, 2021. ISSN~1476-6930. Available from: https://dx.doi.org/10.1057/s41272-021-00328-9.
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