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2012•Journal of Applied MathematicsOpen access

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

Chunrong Qin, Li Luo, Yang You, Yong-xi Xiao

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Abstract

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.

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What this paper is about

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.

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OpenAlex reports 12 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

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.

Key concepts: Markov decision process, Operations research, Space (punctuation), Control (management), Computer science, Process (computing), Dynamic programming, Air cargo

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