Title :
Asymptotic optimality of freight booking control problem for the rail container carrier
Author :
Cao, Chengxuan ; Gao, Ziyou ; Li, Keping
Author_Institution :
State Key Lab. of Rail Traffic Control & Safety, Beijing Jiaotong Univ., Beijing, China
Abstract :
In this paper, we consider the freight booking control problem for the rail container carrier. The problem is formulated as a stochastic optimization problem to set freight booking limits for maximizing the total revenue generated by all accepted bookings. We derive the fluid limit of the problem under the optimal booking control policy.
Keywords :
freight handling; optimal control; railways; stochastic programming; transportation; asymptotic optimality; fluid limit; freight booking limit; optimal freight booking control problem; rail container carrier; stochastic optimization problem; total revenue maximization; transportation; Containers; Leg; Marketing and sales; Mathematical model; Optimal control; Rail transportation; Railway safety; Road transportation; Stochastic processes; Technology management; Asymptotic optimality; Booking control; Rail container;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-3671-2
Electronic_ISBN :
978-1-4244-3672-9
DOI :
10.1109/ICIEEM.2009.5344559
