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-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov … decision process. Special emphasis is put on the existence of structured optimal policies. Numerical examples illustrate the …Traditionally, revenue management models aim at a maximization of expected revenue, i.e. a risk-neutral decision …
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This paper aims to gain insight into capacity allocation, downsizing decisions and sequencing rules when managing a portfolio of projects. By downsizing, we mean reducing the scale or size of a project and thereby changing the project's content. In previous work, we have determined the amount of...
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