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Risk-Averse Capacity Control in Revenue Management

Risk-Averse Capacity Control in Revenue Management

Christiane Barz

66,81 €
IVA incluido
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Editorial:
Springer Nature B.V.
Año de edición:
2007
Materia
Ventas y marketing
ISBN:
9783540730132
66,81 €
IVA incluido
Disponible

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Sobre IBD

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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