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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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.
Imprint | Springer-Verlag |
Country of origin | Germany |
Series | Lecture Notes in Economics and Mathematical Systems, 597 |
Release date | August 2007 |
Availability | Expected to ship within 10 - 15 working days |
First published | 2007 |
Authors | Christiane Barz |
Dimensions | 235 x 155 x 9mm (L x W x T) |
Format | Paperback |
Pages | 173 |
Edition | 2007 ed. |
ISBN-13 | 978-3-540-73013-2 |
Barcode | 9783540730132 |
Categories | |
LSN | 3-540-73013-3 |