Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1600
Title: Bid price optimization for truckload carriers in simultaneous transportation procurement auctions
Authors: Kuyzu, Gültekin
Akyol, Çağla Gül
Ergün, Özlem
Savelsbergh, Martin
19092
Keywords: Simultaneous auctions
Bidding
Truckload transportation
Stochastic optimization
Issue Date: Mar-2015
Publisher: Pergamon-Elsevier Science Ltd
Source: Kuyzu, G., Akyol, Ç. G., Ergun, Ö., & Savelsbergh, M. (2015). Bid price optimization for truckload carriers in simultaneous transportation procurement auctions. Transportation Research Part B: Methodological, 73, 34-58.
Abstract: We study simultaneous transportation procurement auctions from a truckload carrier's perspective. We formulate a stochastic bid price optimization model aimed at maximizing the carrier's expected profit. The model accounts for synergies among lanes and competing carriers' bid patterns. We develop an iterative coordinate search algorithm to find high-quality solutions. The benefits of employing the bid price optimization technology are demonstrated through computational experiments involving a simulated marketplace. (C) 2014 Elsevier Ltd. All rights reserved.
URI: https://doi.org/10.1016/j.trb.2014.11.012
https://hdl.handle.net/20.500.11851/1600
ISSN: 0191-2615
Appears in Collections:Endüstri Mühendisliği Bölümü / Department of Industrial Engineering
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

Show full item record

CORE Recommender

SCOPUSTM   
Citations

38
checked on Dec 29, 2022

WEB OF SCIENCETM
Citations

35
checked on Feb 4, 2023

Page view(s)

32
checked on Feb 6, 2023

Google ScholarTM

Check

Altmetric


Items in GCRIS Repository are protected by copyright, with all rights reserved, unless otherwise indicated.