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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.
In this paper, we present a mathematical formulation and solution method for the empty railcar allocation problem under uncertainty. The proposed formulation results in a two-stage stochastic programming model which can also be rewritten as a large-scale integer programming model with the linear objective function and linear constraints. A solution method is presented to solve the problem and an example...
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