Hi,
My research is about revenue management on parking reservation system, especially in advance reservation system. In online reservation system, the parking management must make a decision immediately when a request is coming. so, I want to design an optimal policy for accepting or rejecting a request to a parking space base on user choice. By this decision, the system will assign the booking to available space based on customer choice. I have learned the basic policy such as First come first serve (FCFS) but it is not optimal policy to make an optimal utilization. the another method is using the opportunity cost matrix of losing more valuable booking request in the future. This method has some improvement of the FCFS method but it is not significant.
Do you have any idea?