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Capacity Control Maximizing Additive Time-Separable Utility

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Book cover Risk-Averse Capacity Control in Revenue Management

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 597))

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Abstract

As mentioned before, the assumption of an additive time-separable utility function for all time periods n = 0, . . ., N, is the one most frequently used in combination with Markov decision processes. Yet, as indicated in Chap. 3, it imposes a special structure of temporal and risk preferences.

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© 2007 Springer-Verlag Berlin Heidelberg

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(2007). Capacity Control Maximizing Additive Time-Separable Utility. In: Risk-Averse Capacity Control in Revenue Management. Lecture Notes in Economics and Mathematical Systems, vol 597. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73014-9_6

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