ScholarLens Back to search
2012•Unpublished venueRequires access

Dynamic pricing model in tourism attractions

Yang You, Li Luo, Taibo Luo

Open publisher page 1 citations

Abstract

Based on dynamic pricing of revenue management methods, considering that attractions can't refuse tourists and have the largest tolerance, (1) set up a corresponding dynamic programming model of Markov decision process, (2) propose the ticket pricing strategies and get some properties such as that the profit function decreases with time increasing and increases with ticket number increasing. Finally, the numerical example verified the effectiveness of the model.

About this research paper

What this paper is about

Based on dynamic pricing of revenue management methods, considering that attractions can't refuse tourists and have the largest tolerance, (1) set up a corresponding dynamic programming model of Markov decision process, (2) propose the ticket pricing strategies and get some properties such as that the profit function decreases with time increasing and increases with ticket number increasing. Finally, the numerical example verified the effectiveness of the model.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Based on dynamic pricing of revenue management methods, considering that attractions can't refuse tourists and have the largest tolerance, (1) set up a corresponding dynamic programming model of Markov decision process, (2) propose the ticket pricing strategies and get some properties such as that the profit function decreases with time increasing and increases with ticket number increasing. Finally, the numerical example verified the effectiveness of the model.

Key concepts: Ticket, Revenue management, Dynamic pricing, Profit (economics), Computer science, Revenue, Dynamic programming, Tourism

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Dynamic pricing model in tourism attractions — Research Paper | ScholarLens