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Risk-Averse Capacity Control in Revenue Management (Lecture Notes in Economics and Mathematical Systems) - Couverture souple

Barz, Christiane

 
9783540730132: Risk-Averse Capacity Control in Revenue Management (Lecture Notes in Economics and Mathematical Systems)

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.