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Business, 13.05.2021 21:10 npellot123

Regarding the solution approaches to the Network Management problem in the hotel industry, which of the following statement is NOT true? For the same length of stays, the Greedy heuristic will always choose a high fare consumer over a low fair consumer. As long as there is/are resource constrain(s), the Greedy heuristic will never generate the optimal profit for the decision-maker. With the demand uncertainty, even the linear programming-based approach may not generate the optimal profit for the decision-maker. Under the strict fare-class-based approach, the decision-maker will not choose a low-fare consumer over a high-fare consumer, even if the low fare consumer books a long-term stay and generates more profit for the decision-maker.

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Regarding the solution approaches to the Network Management problem in the hotel industry, which of...
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