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Journal of Applied Mathematics
Volume 2012 (2012), Article ID 235706, 7 pages
http://dx.doi.org/10.1155/2012/235706
Research Article

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

Service Management Institute of Business School, Sichuan University, Chengdu 610064, China

Received 18 September 2012; Accepted 27 October 2012

Academic Editor: Jian-Wen Peng

Copyright © 2012 Chun-rong Qin et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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.