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Risk-Averse Capacity Control in Revenue Management by Christiane Barz 9783540730132
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Risk-Averse Capacity Control in Revenue Management by Christiane Barz 9783540730132

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Description

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.

Book Information
ISBN 9783540730132
Author Christiane Barz
Format Paperback
Page Count 173
Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Weight(grams) 284g

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