A Note on Guided Tours for Two Classes of Tourists During the Slack Season

Batabyal, Amitrajeet A.

doi:10.2139/ssrn.1529061

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A Note on Guided Tours for Two Classes of Tourists During the Slack Season

15 Pages Posted: 29 Dec 2009

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology

There are 3 versions of this paper

Date Written: December 28, 2009

Abstract

Recently, Batabyal and Yoo (2009) have conducted a probabilistic analysis of guided tours for a single class of tourists during the slack season. In this note, we extend the above analysis by considering the case of two distinct classes of tourists. Specifically, we first describe a general model that accounts for the common features of guided tours to city attractions and to other scenic locations. Then, we obtain a closed-form expression for the long run fraction of time that the guided tour providing firm under study is occupied and hence unable to immediately satisfy the demand for additional such tours.

Keywords: Guided Tour, Poisson Process, Slack Season, Stochastic Demand, Tourist Class

JEL Classification: L830, L230, D810

Suggested Citation: Suggested Citation

Batabyal, Amitrajeet A., A Note on Guided Tours for Two Classes of Tourists During the Slack Season (December 28, 2009). Available at SSRN: https://ssrn.com/abstract=1529061 or http://dx.doi.org/10.2139/ssrn.1529061