An optimization model of the single-leg air cargo space control based on Markov decision process
type: Item
instance of: scholarly article
title: An optimization model of the single-leg air cargo space control based on Markov decision process
zbMATH Open document ID: 1271.90103
DOI: 10.1155/2012/235706
author: Chun-Rong Qin
author: Li Luo
author: Yang You
author: Yong-Xi Xiao
published in: Journal of Applied Mathematics
publication date: 2013-06-03T00:00:00Z
review text: Summary: 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 (known as booking limit policy). Our research provides a theoretical support for the air cargo space control.
Mathematics Subject Classification ID: 90C39
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 6169866
zbMATH Keywords: overbooking
zbMATH Keywords: space inventory
zbMATH Keywords: optimal booking policy
Wikidata QID: Q58906409
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2012/235706
OpenAlex ID: W2047932101
cites work: The dynamic and stochastic knapsack problem
cites work: Two-dimensional cargo overbooking models
cites work: Short-term booking of air cargo space
cites work: Cargo capacity management with allotments and spot market demand
cites work: An application of a fuzzy knowledge system for air cargo overbooking under uncertain capacity
cites work: Revenue management approach to stochastic capacity allocation problem
cites work: A Markov model for single-leg air cargo revenue management under a bid-price policy
description: scientific article; zbMATH DE number 6169866