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Risk-Averse Capacity Control in Revenue Management
Christiane Barz
Verlag Springer-Verlag, 2007
ISBN 9783540730149 , 173 Seiten
Format PDF, OL
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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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