Robust Controls for Network Revenue Management
نویسندگان
چکیده
منابع مشابه
Robust Controls for Network Revenue Management
R management models traditionally assume that future demand is unknown but can be described by a stochastic process or a probability distribution. Demand is, however, often difficult to characterize, especially in new or nonstationary markets. In this paper, we develop robust formulations for the capacity allocation problem in revenue management using the maximin and the minimax regret criteria...
متن کاملOnline Companion for Robust Controls for Network Revenue Management
Proof of Proposition 1. With a slight abuse of notation, let us denote by D d the set of multivariate stochastic processes such that the aggregate demand equals d. Accordingly, Problem (5) can be decomposed as follows: ρ(y) = max d∈P max D∈D d max z∈F R(z, D) − R(y, D) = max d∈P max z∈F max D∈D d R(z, D) + max D∈D d −R(y, D). Let ξ j be the realized sales under a booking policy z when the deman...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1018518