TY - JOUR
T1 - Location-based techniques for the synergy approximation in combinatorial transportation auctions
AU - Triki, Chefi
N1 - Funding Information:
The research leading to these results has received Project Funding from The Research Council of Sultanate of Oman under Research Agreement No. ORG/SQU/ICT/14/028.
Publisher Copyright:
© 2015, Springer-Verlag Berlin Heidelberg.
PY - 2016/6/1
Y1 - 2016/6/1
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
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U2 - 10.1007/s11590-015-0909-0
DO - 10.1007/s11590-015-0909-0
M3 - Article
AN - SCOPUS:84930816963
SN - 1862-4472
VL - 10
SP - 1125
EP - 1139
JO - Optimization Letters
JF - Optimization Letters
IS - 5
ER -