Risk-averse capacity control in revenue management

MaRDI QIDQ2641626zbMATH OpenFDO

Authors Christiane Barz

Publication date 22 August 2007

Published in Lecture Notes in Economics and Mathematical Systems (Search for Journal in Brave)

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40) Research exposition (monographs, survey articles) pertaining to game theory, economics, and finance (91-02) Economic growth models (91B62)

Review text

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.

Recommendations

• Risk-sensitive capacity control in revenue management
• The theory and practice of revenue management
• A survey on risk-averse and robust revenue management
• Risk management policies for dynamic capacity control
• Risk in Revenue Management and Dynamic Pricing

Cited in

(20)

• Risk-sensitive dynamic pricing for a single perishable product
• Optimizing conditional value-at-risk in dynamic pricing
• A survey on risk-averse and robust revenue management
• Impact of capacity flexibility on the use of booking limits
• A revenue management problem with a choice model of consumer behaviour in a random environment
• Dynamic capacity allocation for group bookings in live entertainment
• A review of revenue management: recent generalizations and advances in industry applications
• Risk-sensitive capacity control in revenue management
• Determine targets with revenue maximisation and downside risk hedging considerations under the stochastic setting
• Risk-sensitive control of Markov decision processes: a moment-based approach with target distributions
• A robust model for choice-based capacity control
• An overbooking decision model of hotel rooms based on revenue management
• scientific article; zbMATH DE number 2088531 (Why is no real title available?)
• Risk management policies for dynamic capacity control
• Technical Note—A Risk-Sensitive Model for Managing Perishable Products
• Non-asymptotic fuzzy estimators based on confidence intervals
• Study on hotel overbooking with substitution under an exponential criterion
• Expected additive time-separable utility maximizing capacity control in revenue management
• Risk analysis of a pay to delay capacity reservation contract
• Assortment planning under spectral risk measures

This page was built for publication: Risk-averse capacity control in revenue management

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2641626)