spamproxy Posted September 8, 2008 Report Posted September 8, 2008 This is my first post here, and I am afraid it is a doosey!I have a specific hotel stay in mind that I am searching for on priceline, but my question has a more general nature, so I will say what I am looking for in particular, but then generalize it using variables (A,B..X etc) so that answers might but usefull to others.1) I need a hotel in the LA area for 4 nights (Oct 9-12).2) My first choice in area is Beverly Hills (Zone A), Second is Cost is a big factor since this is for 4 nights (and everywhere charges $25/day for parking I have now found out). Though I am willing to spend a little more for 4*, I would rather get a great deal (under $70/night if possible) for a 3* and stay in a different zone from my first choice - 3) I have read several detailed posts on permutation bidding when there multiple acceptable zones (and one free-rebid zone in this case) and think it will be very useful in this instance. I will use the permutation rebidding advice nomenclature hereafter. After Beverly Hills ("A"), Brentwood ("B"), Hollywood ("C"), Downtown ("D"), Culver City ("E"), are all "acceptable" (in that preference order). 4) Lawndale ("X") will be my only free re-bid zone as it is the only zone that does not have 3 or 4 * hotels (I DON'T wamt to stay there, just using if for free rebids). 5) Assume that I am willing to pay $10 more pernight to stay in 4* rather than 3* and Assume that I will pay $5 more per night to stay in zone A than either B or C and that I would pay $3 more pernight to stay in B or C than D; and $3 more to stay in D than in E. This is just to give a rough quantification to my preferences, the optimization strategy doesnot have to have everything down to the last cent of preference.6) Although I am going to extremes to get a low price I don't mind increasing my incremental bidding by more than $1, but I also have time, so could do $2-5 each timeOK here is the crazy part. If I understand things correctly I can use 64 possible permutations (2 exp 6) to enter bids into the price line system without having to wait 24 hours as long as I use different combinations. I came up with 60 combinations (permutations) so I think I must have missed 4 somewhere. I have written them below.OK, if you are still with me and don't think I am completely nuts I have a few questionsI have heard there is a minimum bid amount for each star (*) rating catagory that priceline needs, what are thes for 3 and 4 *'s?Am I correct that I can do each of these combinations without waiting 24 hours?I assume I can add my "free rebid zone" without logging out of PL but must do so for every other new bid, is this right?I think I would really need to remember more about linear programming to figure out which combinations I should try in what order and how much to increas bid amounts by so that I get the location I MOST want at the lowest price, but here is what I came up with below. Is it feasible? Any suggested alterations? Zone AmtBidding Round 1 A 51Bidding Round 2 AX 55Bidding Round 3 B 48Bidding Round 4 BX 53Bidding Round 5 C Bidding Round 6 CX Bidding Round 7 D Bidding Round 8 DX Bidding Round 9 E Bidding Round 10 EX Bidding Round 11 AB Bidding Round 12 ABX Bidding Round 13 AC Bidding Round 14 ACX Bidding Round 15 AD Bidding Round 16 ADX Bidding Round 17 AE Bidding Round 18 AEX Bidding Round 19 BC Bidding Round 20 BCX Bidding Round 21 BD Bidding Round 22 BDX Bidding Round 23 BE Bidding Round 24 BEX Bidding Round 25 CD Bidding Round 26 CDX Bidding Round 27 CE Bidding Round 28 CEX Bidding Round 29 DE Bidding Round 30 DEX Bidding Round 31 ABC Bidding Round 32 ABCX Bidding Round 33 ABD Bidding Round 34 ABDX Bidding Round 35 ABE Bidding Round 36 ABEX Bidding Round 37 ACD Bidding Round 38 ACDX Bidding Round 39 ACE Bidding Round 40 ACEX Bidding Round 41 ADE Bidding Round 42 ADEX Bidding Round 43 BCD Bidding Round 44 BCDX Bidding Round 45 BCE Bidding Round 46 BCEX Bidding Round 47 BDE Bidding Round 48 BDEX Bidding Round 49 CDE Bidding Round 50 CDEX Bidding Round 51 ABCD Bidding Round 52 ABCDX Bidding Round 53 ABCE Bidding Round 54 ABCEX Bidding Round 55 ABDE Bidding Round 56 ABDEX Bidding Round 57 ACDEBidding Round 58 ACDEXBidding Round 59 BCDEBidding Round 60 BCDEXBidding Round 61 Bidding Round 62 Bidding Round 63 Bidding Round 64
Colfax Posted September 9, 2008 Report Posted September 9, 2008 Welcome to BetterBidding, spamproxy.Permutational bidding doesn't help if your bidding limit is too low, and your bidding limit is too low.My first choice in area is Beverly Hills (Zone A), Second is Cost is a big factor since this is for 4 nights (and everywhere charges $25/day for parking I have now found out). Though I am willing to spend a little more for 4*, I would rather get a great deal (under $70/night if possible) for a 3* and stay in a different zone from my first choice -We never see 4* or 3* wins in Beverly Hills/West Hollywood zone for under $70. Even 2.5* wins under $70 are rare in that zone.Would you rather 1) raise your limit for a 4*/3* in BH/WH or 2) look at alternative zones and quality levels where you actually have a chance of winning something for $70 or less?
BeachBum Posted September 9, 2008 Report Posted September 9, 2008 1) I need a hotel in the LA area for 4 nights (Oct 9-12).2) My first choice in area is Beverly Hills (Zone A), Second is Cost is a big factor since this is for 4 nights (and everywhere charges $25/day for parking I have now found out). Though I am willing to spend a little more for 4*, I would rather get a great deal (under $70/night if possible) for a 3* and stay in a different zone from my first choice -Is there a particular reason you want a 3* minimum quality level (do you need an on-property restaurant)? 2.5* properties tend to be very nice properties such as Residence Inn or Holiday Inn Express. I don't know the LA market, but in the east 2.5* hotels are more likely to have free internet and parking than the lofty heights of the 3 and 4*.
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