The stochastic bid generation problem in combinatorial transportation auctions

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

Research output: Contribution to journalArticle

24 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 languageEnglish
Pages (from-to)991-999
Number of pages9
JournalEuropean Journal of Operational Research
Volume236
Issue number3
DOIs
Publication statusPublished - Aug 1 2014

Fingerprint

Auctions
Combinatorial Auctions
Optimization Model
Probabilistic Model
Pricing
Bundle
Routing
Integrate
Heuristics
Costs
Bid
Model
Context
Optimization model
Combinatorial auctions

Keywords

  • Auctions/bidding
  • Probabilistic constraints
  • Truckload procurement

ASJC Scopus subject areas

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

Cite this

The stochastic bid generation problem in combinatorial transportation auctions. / Triki, Chefi; Oprea, Simona; Beraldi, Patriza; Crainic, Teodor Gabriel.

In: European Journal of Operational Research, Vol. 236, No. 3, 01.08.2014, p. 991-999.

Research output: Contribution to journalArticle

Triki, Chefi ; Oprea, Simona ; Beraldi, Patriza ; Crainic, Teodor Gabriel. / The stochastic bid generation problem in combinatorial transportation auctions. In: European Journal of Operational Research. 2014 ; Vol. 236, No. 3. pp. 991-999.
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