115
Views
7
CrossRef citations to date
0
Altmetric
Theoretical Paper

Risk-averse decision making in overbooking problem

, &
Pages 1655-1665 | Received 01 Nov 2009, Accepted 01 Jun 2010, Published online: 21 Dec 2017

References

  • BarzCHow does risk aversion affect optimal revenue management policies? A simulation studyInformationssysteme in Transport und Verkehr20064161172
  • BarzCRisk-averse Capacity Control in Revenue Management2007
  • BarzCWaldmannKHRisk-sensitive capacity control in revenue managementMath Method Opns Res20076556557910.1007/s00186-006-0135-8
  • ChatwinREContinuous-time airline overbooking with time-dependent fares and refundsTransport Sci19993318219110.1287/trsc.33.2.182
  • ChenXSimMSimchi-LeviDSumPRisk-aversion in inventory managementOpns Res20075582884210.1287/opre.1070.0429
  • ChiangWCChenJCHXuXAn overview of research on revenue management: Current issues and future researchInt Revenue Mngt200719712810.1504/IJRM.2007.011196
  • EeckhoudtLGollierCSchlesingerHThe risk-averse (and prudent) newsboyMngt Sci19954178679410.1287/mnsc.41.5.786
  • FengYXiaoBMaximizing revenues of perishable assets with a risk factorOpns Res19994733734110.1287/opre.47.2.337
  • FengYXiaoBA risk-sensitive model for managing perishable productsOpns Res2008561305131110.1287/opre.1080.0561
  • HowardRDecision analysis: Practice and promiseMngt Sci19883467969510.1287/mnsc.34.6.679
  • Huang K and Chang K (2008). A simulation analysis for the airline seat control considering expected revenue and risk. Working paper, National Chiao Tung University.
  • KaraesmenIVan RyzinGOverbooking with substitutable inventory classesOpns Res2004528310410.1287/opre.1030.0079
  • KirkwoodCWApproximating risk aversion in decision analysis applicationsDecis Anal200415272
  • Koenig M and Meissner J (2008a). List pricing versus dynamic pricing: Impact on the revenue risk. Working paper, Lancaster University Management School.
  • Koenig M and Meissner J (2008b). Risk management policies for dynamic capacity control. Working paper, Lancaster University Management School.
  • LanYRobust revenue management with limited information: Theory and experiments2008
  • LevinYMcGillJNediakMRisk in revenue management and dynamic pricingOpns Res20085632634310.1287/opre.1070.0438
  • LibermanVYechialiUOn the hotel overbooking problem—An inventory system with stochastic cancellationsMngt Sci1978241117112610.1287/mnsc.24.11.1117
  • LimAEGShanthikumarJGRelative entropy, exponential utility, and robust dynamic pricingOpns Res20075519821410.1287/opre.1070.0385
  • MitraDWangQStochastic traffic engineering for demand uncertainty and risk-aware network revenue managementIEEE/ACM Trans Network20051322123310.1109/TNET.2005.845527
  • PrattJWRisk-aversion in the small and in the largeEconometrica19643212213610.2307/1913738
  • SchweitzerMCachonGDecision bias in the newsvendor problem with a known demand distribution: Experimental evidenceMngt Sci20004640442010.1287/mnsc.46.3.404.12070
  • ShliferEVardiYAn airline overbooking policyTransport Sci1975910111410.1287/trsc.9.2.101
  • SmithBLeimkuhlerJDarrowRSamuelsJYield management at American AirlinesInterfaces199222183110.1287/inte.22.1.8
  • WeatherfordLREMSR versus EMSU: Revenue or utility?J Revenue Pricing Mngt2004327728410.1057/palgrave.rpm.5170114

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.