Risk minimising strategies for revenue management problems with target values
نویسندگان
چکیده
منابع مشابه
Risk Minimising Strategies for Revenue Management Problems with Target Values
Consider a risk-averse decision maker in the setting of a single-leg dynamic revenue management problem with revenue controlled by limiting capacity for a fixed set of prices. Instead of focussing on maximising the expected revenue, the decision maker has the main objective of minimising the risk of failing to achieve a given target revenue. Interpreting the revenue management problem in the fr...
متن کاملRisk minimising strategies for revenue management problems with target values Open
Consider a risk-averse decision maker in the setting of a single-leg dynamic revenue management problem with revenue controlled by limiting capacity for a fixed set of prices. Instead of focussing on maximising the expected revenue, the decision maker has the main objective of minimising the risk of failing to achieve a given target revenue. Interpreting the revenue management problem in the fr...
متن کاملRisk Minimizing Strategies for Revenue Management Problems with Target Values
Consider a risk-averse decision maker in the setting of a single-leg dynamic revenue management problem with revenue controlled by limiting capacity for a fixed set of prices. Instead of focussing on maximizing the expected revenue, the decision maker has the main objective of minimizing the risk of failing to achieve a given target revenue. Interpreting the revenue management problem in the fr...
متن کاملDynamic Pricing Strategies for Multiproduct Revenue Management Problems
This chapter reviews multi-product dynamic pricing models for a revenue maximizing monopolist firm. The baseline model studied in this chapter is of a seller that owns a fixed capacity of a resource that is consumed in the production or delivery of some type of product. The seller selects a dynamic pricing strategy for the offered product so as to maximize its total expected revenues over a fin...
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In this paper, we consider the problem of managing a fleet of trucks with different capacity to serve the requests of different customers that arise randomly over time. Customers make a request by demanding the transportation of a given quantity of goods from an origin to a destination, at a given time. It is well known that these problems arise in the dynamic resource allocation context, where...
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ژورنال
عنوان ژورنال: Journal of the Operational Research Society
سال: 2016
ISSN: 0160-5682,1476-9360
DOI: 10.1057/jors.2015.63