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Risk-Averse Capacity Control In Revenue Management at Meripustak

Risk-Averse Capacity Control In Revenue Management

Books from same Author: Christiane Barz

Books from same Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

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    • General Information  
    Author(s)Christiane Barz
    PublisherSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
    EditionEdition Statement 2007 ed.
    ISBN9783540730132
    Pages173
    BindingPaperback
    LanguageEnglish
    Publish YearOctober 2007

    Description

    Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Risk-Averse Capacity Control In Revenue Management by Christiane Barz

    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.show more