In this paper, we consider the capacity allocation problem in single-leg air cargo revenue management. We assume that each cargo booking request is endowed with a random weight, volume and profit rate and propose a Markovian model for the booking request/acceptance/rejection process. The...

Project portfolio management deals with the dynamic selection of research and development (R&D) projects and determination of resource allocations to these projects over a planning period. Given the uncertainties and resource limitations over the planning period, the objective is to maximize the...