A reinforcement learning approach to distribution-free capacity allocation for sea cargo revenue management
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Seo, Dong-Wook | - |
dc.contributor.author | Chang, Kyuchang | - |
dc.contributor.author | Cheong, Taesu | - |
dc.contributor.author | Baek, Jun-Geol | - |
dc.date.accessioned | 2022-02-24T17:41:27Z | - |
dc.date.available | 2022-02-24T17:41:27Z | - |
dc.date.created | 2022-02-07 | - |
dc.date.issued | 2021-09 | - |
dc.identifier.issn | 0020-0255 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/136768 | - |
dc.description.abstract | In this paper, we propose learning-based adaptive control based on reinforcement learning for the booking policy in sea cargo revenue management. The problem setting is that the demand distribution is unknown while the historical data is available, and the problem is formulated as a stochastic dynamic programming model. We demonstrate the existence of an optimal control limit policy and investigate the important properties and optimal policy structures of the model. We then propose a reinforcement learning approach for the data-driven approximation of the optimal booking policy to maximize shipping line revenue. The performance of the proposed approach is very close to that of the optimal policy and superior to that of the EMSR-b algorithm. (c) 2021 Elsevier Inc. All rights reserved. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ELSEVIER SCIENCE INC | - |
dc.subject | AIRLINE YIELD-MANAGEMENT | - |
dc.subject | ROBUST ADAPTIVE-CONTROL | - |
dc.subject | SLOT ALLOCATION | - |
dc.subject | ALGORITHM | - |
dc.subject | OPTIMIZATION | - |
dc.subject | CANCELLATIONS | - |
dc.subject | OVERBOOKING | - |
dc.subject | POLICIES | - |
dc.subject | SYSTEMS | - |
dc.subject | MODEL | - |
dc.title | A reinforcement learning approach to distribution-free capacity allocation for sea cargo revenue management | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Cheong, Taesu | - |
dc.contributor.affiliatedAuthor | Baek, Jun-Geol | - |
dc.identifier.doi | 10.1016/j.ins.2021.04.092 | - |
dc.identifier.scopusid | 2-s2.0-85111071547 | - |
dc.identifier.wosid | 000683548900014 | - |
dc.identifier.bibliographicCitation | INFORMATION SCIENCES, v.571, pp.623 - 648 | - |
dc.relation.isPartOf | INFORMATION SCIENCES | - |
dc.citation.title | INFORMATION SCIENCES | - |
dc.citation.volume | 571 | - |
dc.citation.startPage | 623 | - |
dc.citation.endPage | 648 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Computer Science | - |
dc.relation.journalWebOfScienceCategory | Computer Science, Information Systems | - |
dc.subject.keywordPlus | AIRLINE YIELD-MANAGEMENT | - |
dc.subject.keywordPlus | ALGORITHM | - |
dc.subject.keywordPlus | CANCELLATIONS | - |
dc.subject.keywordPlus | MODEL | - |
dc.subject.keywordPlus | OPTIMIZATION | - |
dc.subject.keywordPlus | OVERBOOKING | - |
dc.subject.keywordPlus | POLICIES | - |
dc.subject.keywordPlus | ROBUST ADAPTIVE-CONTROL | - |
dc.subject.keywordPlus | SLOT ALLOCATION | - |
dc.subject.keywordPlus | SYSTEMS | - |
dc.subject.keywordAuthor | Liner shipping | - |
dc.subject.keywordAuthor | Reinforcement learning | - |
dc.subject.keywordAuthor | Revenue management | - |
dc.subject.keywordAuthor | Stochastic dynamic programming | - |
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