This study deals with the optimization of performance for a hybrid-electric propulsion system. It focuses on the modeling and power management frameworks, while evaluation is done on a single flight basis. The main objective is to extract the maximum out of the novel powertrain archetype. Two hybridization factors are considered. The pair helps to describe the degree of hybridization at the power supply and power consumption levels. Their revised mathematical definition facilitates a unique method of hybrid-electric propulsion system modeling that maximizes the conveyed amount of information. An in-house computational tool is developed. It employs a genetic algorithm optimizer in the interest of managing power usage during flight. Energy consumption is set as the objective function. The operation of a 19-seater, commuter aircraft is investigated. Turbo-electric, series-hybrid, parallel-hybrid, and series-parallel variants are derived from a generic composition. An analysis on their optimized performance, with different technological readiness levels for 2020 and 2035, is aimed at identifying where each system performs best. Considering 2020 technology, it does not yield a viable hybrid-electric configuration, without suffering significant payload penalties. Architectures relying on mechanical propulsors show promise of 15% reduction to energy consumption, accounting for 2035 readiness levels. The concepts of Boundary Layer Ingestion and Distributed Propulsion display the potential to boost electrified propulsion. The series-hybrid and series-parallel configurations are the primary beneficiaries of these concepts, displaying up to 30% reduction in fuel and 20% reduction in energy consumption.