Overbooking models with different risk preferences: A numerical study | IEEE Conference Publication | IEEE Xplore

Overbooking models with different risk preferences: A numerical study


Abstract:

We discuss overbooking problem in airline industry for utility-maximization. Optimization problems are formulated with consideration of risk-neutral, lose-aversion, and p...Show More

Abstract:

We discuss overbooking problem in airline industry for utility-maximization. Optimization problems are formulated with consideration of risk-neutral, lose-aversion, and prospect theory preferences of managers. A numerical study follows and provides managerial insights.
Date of Conference: 15-17 July 2010
Date Added to IEEE Xplore: 19 August 2010
ISBN Information:
Conference Location: QingDao, China

References

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