A risk averse approach to the capacity allocation problem in the airline cargo industry
研究了航空货运中通过长期合同（分配）和临时预订（自由）两种方式分配容量的决策问题，使用条件风险价值作为风险度量，并基于真实数据测试了风险中性和风险规避模型。
In air cargo transportation, capacity can be reserved via allotment, which are long-term contracts with fixed price, and free, which is the space not assigned to allotment contracts. In this later case, reservations are made closer to the departure date, and normally higher tariffs are charged. The demand, the tariff, and the show-up rate for the free mode are stochastic. We consider risk neutral and risk averse formulations, using the Conditional Value-at-Risk as a risk measure. We solve the resulting problems using the Sample Average Approximation and test our models with nine experiments representing different demand patterns using real data from a major airline.