Download or read book Risk-Averse Capacity Control in Revenue Management written by Christiane Barz and published by Springer Science & Business Media. This book was released on 2007-08-16 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.