DocumentCode
1618203
Title
Overbooking models with different risk preferences: A numerical study
Author
Gao, Deng ; Geng, Wei ; Zhao, Xiaobo
Author_Institution
Dept. of Ind. Eng., Tsinghua Univ., Beijing, China
fYear
2010
Firstpage
346
Lastpage
350
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.
Keywords
optimisation; risk analysis; travel industry; utility theory; airline industry; lose-aversion; optimization problems; overbooking models; prospect theory preferences; risk preferences; risk-neutral; utility-maximization;
fLanguage
English
Publisher
ieee
Conference_Titel
Service Operations and Logistics and Informatics (SOLI), 2010 IEEE International Conference on
Conference_Location
Qingdao, Shandong
Print_ISBN
978-1-4244-7118-8
Type
conf
DOI
10.1109/SOLI.2010.5551553
Filename
5551553
Link To Document