Huang, Yiqian; Ge, Yanming; Zhang, Xiandong; Xu, Yifan - In: International Journal of Production Economics 144 (2013) 2, pp. 582-589
This paper considers a dynamic overbooking problem for parallel substitutable flights with different departure times … terminal function is shown to be well structured. The optimal overbooking control is conducted by setting overbooking limits on …-time Markov decision process which takes it as the terminal reward. The upper bound on the overbooking limits of each flight is …