Risk-Averse Capacity Control in Revenue Management

“If necessity is the mother of invention, then deregulation is the father, and r- enue management (also known as yield management) is the couple’s golden child – at least as far as operations research is concerned.” (Horner, 2000, p. 47) Deregulation had a signi?cant impact on the U.S. airline indus...

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Bibliographic Details
Main Author: Barz, Christiane
Format: eBook
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2007, 2007
Edition:1st ed. 2007
Series:Lecture Notes in Economics and Mathematical Systems
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • Basic Principles
  • Markov Decision Processes and the Total Reward Criterion
  • Expected Utility Theory for Sequential Decision Making
  • Expected Revenue Maximizing Capacity Control
  • Capacity Control in a Random Environment
  • Basic Single Resource Capacity Control Models in Revenue Management
  • Expected Utility Maximizing Capacity Control
  • Capacity Control Maximizing Additive Time-Separable Utility
  • Capacity Control Maximizing Atemporal Utility
  • An Extension: Capacity Control Under a General Discrete Choice Model of Consumer Behavior
  • Conclusion