Description
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Risk-Averse Capacity Control In Revenue Management by Christiane Barz
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.show more