An Optimization Model of the Single-Leg Air Cargo Space Control Based on Markov Decision Process

An Optimization Model of the Single-Leg Air Cargo Space Control Based on Markov Decision Process

Based on the single-leg air cargo issues, we establish a dynamic programming model to consider the overbooking and space inventory control problem. We analyze the structure of optimal booking policy for every kind of booking requests and show that the optimal booking decision is of threshold type (k...

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Bibliographic Details
Main Authors: Chun-rong Qin, Li Luo, Yang You, Yong-xi Xiao
Format: Article
Language:English
Published: Wiley 2012-01-01
Series:Journal of Applied Mathematics
Online Access:http://dx.doi.org/10.1155/2012/235706
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