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Risk-Averse Capacity Control in Revenue Management von Barz, Christiane (eBook)

  • Erscheinungsdatum: 16.08.2007
  • Verlag: Springer-Verlag
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Risk-Averse Capacity Control in Revenue Management

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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