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Fast synergy approximation in transportation procurement with combinatorial auctions

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submitted on 2024-08-22, 08:49 and posted on 2024-08-22, 08:49 authored by Muhammed Emre Keskin, Chefi Triki, Adel Elomri

In this study we develop a decision support tool to help carriers in defining their bids when participating in transportation combinatorial auctions. In this way, they can avoid many of their empty movements and ensure additional business through the spot market. We propose three algorithms that quantify the synergy as a key concept to measure the complementarity between the carrier’s existing network and the contracts to be included in the bundles to be submitted as bids. The algorithms are validated on a real-life application and our results emphasized their superiority compared to previous studies.

Other Information

Published in: RAIRO - Operations Research
License: https://creativecommons.org/licenses/by/4.0
See article on publisher's website: https://dx.doi.org/10.1051/ro/2023022

History

Language

  • English

Publisher

EDP Sciences

Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License.

Institution affiliated with

  • Hamad Bin Khalifa University
  • College of Science and Engineering - HBKU

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