Ahmed M. Fouad

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In this paper we propose a new unconstraining method for demand forecasting. Since true demand forecasting is a key aspect of hotel room revenue management systems, inaccurate forecasts will significantly impact the performance of these systems. We propose a method based on a Monte Carlo simulation forecasting model and an Expectation-Maximization (EM)(More)
In this paper we tackle the overbooking problem in hotel revenue management (RM). We propose a simulations-based approach for the overbooking problem. It is based on accurately estimating all the hotel's processes, such as reservations arrivals, cancelations, length of stay, demand seasonality, etc. Subsequently, all these processes are simulated forward in(More)
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