%0 Journal Article
%T Modelling the Processes of Maximizing Hotel Revenues, Based on Applying the Linear Programming and the Network Flows
%A Margareta RACOVITA
%A George Cristian SCHIN
%A Viorel SUSANU
%J Risk in Contemporary Economy
%D 2011
%I Dunarea de Jos University of Galati
%X This work proposes to solve a problem related to maximizing hotelsĄ¯ revenues through two methods established in operational research domain. In the first part of the paper, the approach involves formulating the objective function and problemĄ¯s constraints, as well as the expansion of the model, taking into consideration clientsĄ¯ preferences and the opportunities of group reservations. In the second part of the paper, the problem is solved with the help of network flows model, which allows optimum allocation of the rooms in real time. At the end of the paper, there are highlighted the advantages of applying those two mathematic methods within the strategies of performances development within hotel industry.
%K hotel industry
%K optimisation
%K linear programming
%K network flows
%U http://www.rce.feaa.ugal.ro/sites/default/files/MRacovita_GCSchin_VSusanu.pdf