Jiang Jiang’s research while affiliated with Cornell University and other places

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Publications (3)


Algorithm 1
The Heuristic Approach - Sort by Cost per Night
Algorithm 2
The Random Selection Model
Algorithm 3
The Heuristics and Random Selection Model for Unique Stays Only Constraint
An example of subscription stay and usage
The Total Nights of Stay Comparison from Three Models Using the Synthetic Data
Note The left and middle histograms report the optimality gap, which is defined as the difference between the optimal results and the heuristics/random selection model results divided by the optimal results. The histogram on the right reports the results from the heuristics minus the random selection model and divided by the optimal results. The mean is marked with the black dotted line in each histogram

+5

Optimization of travel subscription use
  • Article
  • Publisher preview available

June 2024

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26 Reads

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1 Citation

Journal of Revenue and Pricing Management

Jiang Jiang

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Chris K. Anderson

Subscription models where consumers pay fixed (monthly) fees for access to services are becoming increasingly popular across a wider set of service offerings as firms look for ways to stabilize revenues. Lodging subscription services are natural and flexible extensions of timeshare models whereby consumers pay monthly subscriptions fees to get access to a wide variety of stay options. The value of the subscription service may be difficult for consumers to evaluate and hence limit adoption. This study demonstrates that service providers can assist consumers in maximizing use of their subscription through addition of simple sort functionality or via more robust optimization approaches. Using synthetic data as well as data from a lodging subscription provider, we develop approaches for consumers to maximize their use of the subscription service - we compare and contrast optimal approaches to readily deployed heuristic approaches.

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Citations (1)


... The value of the subscription service may be difficult for consumers to evaluate and hence limit adoption. This study by Jiang and Anderson (2024) demonstrates that service providers can assist consumers in maximizing use of their subscription through the addition of simple sort functionality or via more robust optimization approaches. ...

Reference:

Travel and transport
Optimization of travel subscription use

Journal of Revenue and Pricing Management