Risk-Averse Capacity Control in Revenue Management
Download or Read eBook Risk-Averse Capacity Control in Revenue Management PDF 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.
| Author | : Christiane Barz |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 173 |
| Release | : 2007-08-16 |
| ISBN-10 | : 9783540730149 |
| ISBN-13 | : 3540730141 |
| Rating | : 4/5 (49 Downloads) |
Book Synopsis Risk-Averse Capacity Control in Revenue Management by : Christiane Barz
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.
