Risk-averse capacity control in revenue management (Q2641626)
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English | Risk-averse capacity control in revenue management |
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Risk-averse capacity control in revenue management (English)
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22 August 2007
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The goal of the book in question is to introduce a novel expected revenue maximizing capacity control model that accounts for cancellations and no-shows and evolves in a random environment (i.e., Markov), and to analyze the most frequently addressed basic single-resource capacity control models for an expected utility maximizing decision-maker, with focus on an exponential atemporal utility function.
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