Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/6237
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dc.contributor.authorOlcaytu, Evren-
dc.contributor.authorKuyzu, Gültekin-
dc.date.accessioned2021-09-11T15:35:25Z-
dc.date.available2021-09-11T15:35:25Z-
dc.date.issued2021en_US
dc.identifier.issn1862-4472-
dc.identifier.issn1862-4480-
dc.identifier.urihttps://doi.org/10.1007/s11590-020-01608-w-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/6237-
dc.description.abstractTransportation auctions are increasingly made online and the bidding time intervals are becoming much shorter. From the carriers' perspective, bid determination problems need to be solved more quickly due to the increasing number of auctions in the online transportation marketplace for their survivability. In this research, we study the bid price determination problem of truckload (TL) carriers participating in multiple independent first-price sealed-bid single-request TL transportation auctions simultaneously. The carriers must win the right combination of auctions to ensure profitability. The high level of competition, the uncertainty of the outcomes of the auctions, and the independence of the auctions from each other constitute the main challenge in this setting. In order to solve this problem, we develop an efficient heuristic which identifies the auctions to participate and determines the carriers' bids in the selected auctions. We demonstrate the efficiency and the effectiveness of our proposed heuristic by simulating a competitive auction-based transportation procurement marketplace under various parameter settings. The simulations show that our proposed heuristic performs close to an existing approach found in the literature with much less computational effort.en_US
dc.language.isoenen_US
dc.publisherSpringer Heidelbergen_US
dc.relation.ispartofOptimization Lettersen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBiddingen_US
dc.subjectTransportation procurement auctionsen_US
dc.subjectTruckload transportationen_US
dc.titleAn efficient bidding heuristic for simultaneous truckload transportation auctionsen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Engineering, Department of Industrial Engineeringen_US
dc.departmentFakülteler, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümütr_TR
dc.identifier.volume15en_US
dc.identifier.issue2en_US
dc.identifier.startpage459en_US
dc.identifier.endpage468en_US
dc.authorid0000-0002-4179-9627-
dc.identifier.wosWOS:000539817300001en_US
dc.identifier.scopus2-s2.0-85086461616en_US
dc.institutionauthorKuyzu, Gültekin-
dc.identifier.doi10.1007/s11590-020-01608-w-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ2-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairetypeArticle-
item.cerifentitytypePublications-
item.languageiso639-1en-
crisitem.author.dept02.4. Department of Industrial Engineering-
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
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