Location-based techniques for the synergy approximation in combinatorial transportation auctions

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

The use of combinatorial auctions for the procurement of transportation services is investigated in this paper. We focus on the carrier viewpoint who is interested in submitting to the auction a selected bundle of loads that avoids some of the empty movement of the vehicles in his transportation network and that increases his profits. For this purpose we develop an optimization approach based on the use of the location techniques, usually used in the context of facility planning. Mathematically, this means maximizing the synergy among the bundle’s auctioned loads from one side and between the auctioned and the pre-existing loads from the other side. We show the validity of our approach by using first an illustrative example and then by applying it to solve a real-life problem related to a logistics company installed in the Arabic Gulf region.

Original languageEnglish
JournalOptimization Letters
DOIs
Publication statusAccepted/In press - Jun 11 2015

Fingerprint

Synergy
Auctions
Bundle
Approximation
Combinatorial Auctions
Transportation Networks
Logistics
Profit
Planning
Optimization

Keywords

  • Combinatorial auctions
  • Continuous location techniques
  • Synergy
  • Transportation networks

ASJC Scopus subject areas

  • Control and Optimization

Cite this

@article{00d76aef2c35407482cc2e83458c6aad,
title = "Location-based techniques for the synergy approximation in combinatorial transportation auctions",
abstract = "The use of combinatorial auctions for the procurement of transportation services is investigated in this paper. We focus on the carrier viewpoint who is interested in submitting to the auction a selected bundle of loads that avoids some of the empty movement of the vehicles in his transportation network and that increases his profits. For this purpose we develop an optimization approach based on the use of the location techniques, usually used in the context of facility planning. Mathematically, this means maximizing the synergy among the bundle’s auctioned loads from one side and between the auctioned and the pre-existing loads from the other side. We show the validity of our approach by using first an illustrative example and then by applying it to solve a real-life problem related to a logistics company installed in the Arabic Gulf region.",
keywords = "Combinatorial auctions, Continuous location techniques, Synergy, Transportation networks",
author = "Chefi Triki",
year = "2015",
month = "6",
day = "11",
doi = "10.1007/s11590-015-0909-0",
language = "English",
journal = "Optimization Letters",
issn = "1862-4472",
publisher = "Springer Verlag",

}

TY - JOUR

T1 - Location-based techniques for the synergy approximation in combinatorial transportation auctions

AU - Triki, Chefi

PY - 2015/6/11

Y1 - 2015/6/11

N2 - The use of combinatorial auctions for the procurement of transportation services is investigated in this paper. We focus on the carrier viewpoint who is interested in submitting to the auction a selected bundle of loads that avoids some of the empty movement of the vehicles in his transportation network and that increases his profits. For this purpose we develop an optimization approach based on the use of the location techniques, usually used in the context of facility planning. Mathematically, this means maximizing the synergy among the bundle’s auctioned loads from one side and between the auctioned and the pre-existing loads from the other side. We show the validity of our approach by using first an illustrative example and then by applying it to solve a real-life problem related to a logistics company installed in the Arabic Gulf region.

AB - The use of combinatorial auctions for the procurement of transportation services is investigated in this paper. We focus on the carrier viewpoint who is interested in submitting to the auction a selected bundle of loads that avoids some of the empty movement of the vehicles in his transportation network and that increases his profits. For this purpose we develop an optimization approach based on the use of the location techniques, usually used in the context of facility planning. Mathematically, this means maximizing the synergy among the bundle’s auctioned loads from one side and between the auctioned and the pre-existing loads from the other side. We show the validity of our approach by using first an illustrative example and then by applying it to solve a real-life problem related to a logistics company installed in the Arabic Gulf region.

KW - Combinatorial auctions

KW - Continuous location techniques

KW - Synergy

KW - Transportation networks

UR - http://www.scopus.com/inward/record.url?scp=84930816963&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84930816963&partnerID=8YFLogxK

U2 - 10.1007/s11590-015-0909-0

DO - 10.1007/s11590-015-0909-0

M3 - Article

JO - Optimization Letters

JF - Optimization Letters

SN - 1862-4472

ER -