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Risk-averse decision making in overbooking problem
16 references·0 citing·46 second hop
Risk-averse decision making in overbooking problem (2010)Risk-averse decision making in overbookin…Risk in Revenue Management and Dynamic Pricing (2007)Risk in Revenue Management an…Risk Aversion in Inventory Management (2007)Risk Aversion in Inventory Ma…Relative Entropy, Exponential Utility, and Robust Dynamic Pricing (2007)Relative Entropy, Exponential…An overview of research on revenue management: current issues and future research (2006)An overview of research on re…Overbooking with Substitutable Inventory Classes (2004)Overbooking with Substitutabl…Approximating Risk Aversion in Decision Analysis Applications (2003)Approximating Risk Aversion i…Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence (2000)Decision Bias in the Newsvend…Maximizing Revenues of Perishable Assets with a Risk Factor (1999)Maximizing Revenues of Perish…Continuous-Time Airline Overbooking with Time-Dependent Fares and Refunds (1999)Continuous-Time Airline Overb…The Risk-Averse (and Prudent) Newsboy (1995)The Risk-Averse (and Prudent)…Yield Management at American Airlines (1992)Yield Management at American …Decision Analysis: Practice and Promise (1988)Decision Analysis: Practice a…On the Hotel Overbooking Problem—An Inventory System with Stochastic Cancellations (1978)On the Hotel Overbooking Prob…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…An Airline Overbooking Policy (1975)An Airline Overbooking PolicyRisk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Revenue Management: Research Overview and Prospects (1999)Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions (2003)The Theory and Practice of Revenue Management (2004)Progress in visitor attraction research: Towards more effective management (2009)Predicting Hotel Demand Using Destination Marketing Organization’s Web Traffic Data (2013)Use of dynamic pricing strategies by Airbnb hosts (2017)Air travel demand and airline seat inventory management (1987)Discrete Choice Analysis: Theory and Application to Travel Demand (1987)Optimal Airline Seat Allocation with Fare Classes Nested by Origins and Destinations (1990)An Overview of Pricing Models for Revenue Management (2003)Smart hospitality—Interconnectivity and interoperability towards an ecosystem (2017)Forecasting: theory and practice (2022)Decisions with Multiple Objectives: Preferences and Value Tradeoffs. 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(1966)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Risk Ownership in Contract Manufacturing (2007)Robust Solutions of Optimization Problems Affected by Uncertain Probabilities (2012)Stochastic Approximation Methods for Constrained and Unconstrained Systems (1978)Simulation-Based Booking Limits for Airline Revenue Management (2005)Introduction to Stochastic Programming (2011)Supermodularity and Complementarity (2011)A review of revenue management: Recent generalizations and advances in industry applications (2019)A review of methods supporting supplier selection (2001)Multi-criteria decision analysis in environmental sciences: Ten years of applications and trends (2011)Sensitivity analysis of environmental models: A systematic review with practical workflow (2016)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 2000Decision Bias in the Newsvendor Problem with a Known Demand Distribution: Experimental Evidence1,087 cited
  • 1988Decision Analysis: Practice and Promise770 cited
  • 1992Yield Management at American Airlines697 cited
  • 1995The Risk-Averse (and Prudent) Newsboy485 cited
  • 2006An overview of research on revenue management: current issues and future research447 cited
  • 2007Risk Aversion in Inventory Management355 cited
  • 2004Overbooking with Substitutable Inventory Classes187 cited
  • 2007Relative Entropy, Exponential Utility, and Robust Dynamic Pricing174 cited
  • 1978On the Hotel Overbooking Problem—An Inventory System with Stochastic Cancellations118 cited
  • 2007Risk in Revenue Management and Dynamic Pricing91 cited
  • 1975An Airline Overbooking Policy81 cited
  • 1999Continuous-Time Airline Overbooking with Time-Dependent Fares and Refunds80 cited
  • 1999Maximizing Revenues of Perishable Assets with a Risk Factor75 cited
  • 2003

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Approximating Risk Aversion in Decision Analysis Applications
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