BP
Revenue management methods
Bid-price control
Accept a stay if its revenue exceeds the sum of nightly bid prices.
accept a booking if its revenue ≥ the sum of bid prices of the nights it occupies
How to read the metric
Values long stays that span a peak correctly; the basis of network optimisation.
Worked example
Bid prices of 900 + 4 500 + 900 ₽; a 3-night booking at 3 000 ₽ = 9 000 ≥ 6 300 → accept.