Risk Averse Capacity Control In Revenue Management

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Risk-Averse Capacity Control in Revenue Management

Risk-Averse Capacity Control in Revenue Management
Author :
Publisher : Springer Science & Business Media
Total Pages : 173
Release :
ISBN-10 : 9783540730149
ISBN-13 : 3540730141
Rating : 4/5 (141 Downloads)
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Book Synopsis Risk-Averse Capacity Control in Revenue Management by : Christiane Barz

Download or read book Risk-Averse Capacity Control in Revenue Management written by Christiane Barz and published by Springer Science & Business Media. This book was released on 2007-08-16 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the existence of structured optimal policies. Numerical examples illustrate the results.


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