THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25619161%3A_____%2F15%3A%230000207" target="_blank" >RIV/25619161:_____/15:#0000207 - isvavai.cz</a>
Result on the web
<a href="http://www.vsh.cz//file.php?id=137" target="_blank" >http://www.vsh.cz//file.php?id=137</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
THE USE OF MONTE CARLO SIMULATION IN HOTEL REVENUE MANAGEMENT
Original language description
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.
Czech name
—
Czech description
—
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
—
Result continuities
Project
—
Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Czech Hospitality and Tourism Papers
ISSN
1801-1535
e-ISSN
—
Volume of the periodical
XI
Issue of the periodical within the volume
24
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
8
Pages from-to
18-25
UT code for WoS article
—
EID of the result in the Scopus database
—