The stochastic bid generation problem in combinatorial transportation auctions

Chefi Triki; Simona Oprea; Patriza Beraldi; Teodor Gabriel Crainic

doi:10.1016/j.ejor.2013.06.013

The stochastic bid generation problem in combinatorial transportation auctions

Chefi Triki^*, Simona Oprea, Patriza Beraldi, Teodor Gabriel Crainic

^*Corresponding author for this work

Mechanical and Industrial Engineering

Research output: Contribution to journal › Article › peer-review

32 Citations (Scopus)

Abstract

In this paper, we deal with the generation of bundles of loads to be submitted by carriers participating in combinatorial auctions in the context of long-haul full truckload transportation services. We develop a probabilistic optimization model that integrates the bid generation and pricing problems together with the routing of the carrier's fleet. We propose two heuristic procedures that enable us to solve models with up to 400 auctioned loads.

Original language	English
Pages (from-to)	991-999
Number of pages	9
Journal	European Journal of Operational Research
Volume	236
Issue number	3
DOIs	https://doi.org/10.1016/j.ejor.2013.06.013
Publication status	Published - Aug 1 2014

Keywords

Auctions/bidding
Probabilistic constraints
Truckload procurement

ASJC Scopus subject areas

Management Science and Operations Research
Modelling and Simulation
Information Systems and Management

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