Article
2023
·
3 citations
Fast synergy approximation in transportation procurement with combinatorial auctions
Abstract
In this study we develop a decision support tool to help carriers in defining their bids when participating in transportation combinatorial auctions. In this way, they can avoid many of their empty movements and ensure additional business through the spot market. We propose three algorithms that quantify the synergy as a key concept to measure the complementarity between the carrier's existing network and the contracts to be included in the bundles to be submitted as bids. The algorithms are validated on a real-life application and our results emphasized their superiority compared to previous studies.
Keywords
Transportation networks
combinatorial auctions
synergy approximation
BID CONSTRUCTION PROBLEM
FREIGHT TRANSPORTATION
GENERATION PROBLEM
LOGISTICS
WoS Categories
Operations Research & Management Science
Sustainable Development Goals
Citation
- Journal
- RAIRO-OPERATIONS RESEARCH
- Year
- 2023
- Volume
- 57
- Issue
- 2
- Pages
- 677-695
- ISSN
- 0399-0559
- eISSN
- 2804-7303
- DOI
- 10.1051/ro/2023022
- WoS UID
- WOS:000980433500001