Risk-Averse Capacity Control in Revenue Management 在线电子书 图书标签:
发表于2024-11-25
Risk-Averse Capacity Control in Revenue Management 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024
Traditionally, revenue management models aim at a maximization of expected revenue, i.e. a risk-neutral decision-maker is assumed. During the last few years, however, the consideration of revenue risk has gained more and more attention. By failing to suggest mechanisms for reducing unfavorable revenue levels, traditional risk-neutral capacity control models fall short of meeting the needs of a risk-averse planner. This is why 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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Risk-Averse Capacity Control in Revenue Management 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024