Pricing scheme of cruise based on the forecast

DOI

10.2991/icemct-16.2016.200How to use a DOI?

Keywords

Optimal Pricing Scheme Multiplicative Pickup Exponential Smoothing Maximum Revenue

Abstract

As the number of cruise passengers increases, the cruise companies develop rapidly in recent years. To create maximum revenue for the companies, it’s become more important that how to make a reasonable price decision and absorb as many passengers as possible. In this paper, there are two models built to determine the optimal pricing scheme. The first is a model of multiplicative pickup, which is used to forecast predetermined number of cruise passengers in weekly voyage. The second is an exponential smoothing model, which is to help us forecast the predetermined price of various cabins in weekly voyage. Finally, according to the predetermined price and corresponding predetermined number of cruise passengers we can determine the expected maximum revenue.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qi Wang An
PY  - 2016/04
DA  - 2016/04
TI  - Pricing scheme of cruise based on the forecast
BT  - Proceedings of the 2016 International Conference on Education, Management and Computing Technology (ICEMCT-16)
PB  - Atlantis Press
SP  - 923
EP  - 927
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemct-16.2016.200
DO  - 10.2991/icemct-16.2016.200
ID  - An2016/04
ER  -