Let’s ask ourselves a more realistic question, what about length of stay?

Combinations, combinations, and more combinations!

How to tackle the combinations problem and the two most used methods

How Bid-Prices work and the power of filtering demand. Kind of like Monopoly.

Revenue Managers are just like a lemon stand.

Although advanced, linear programming is just defining a problem.

Let’s formulate the problem and formalize the ideas.

How can we solve this in a step-by-step process.

How to use the step-by-step process to solve this problem

Bid prices are implicit values of the relaxation of the capacity constraint. Simply stated: how much would I be willing to pay for an extra room on a certain night, thus the minimal fare acceptable.