Fast synergy approximation in transportation procurement with combinatorial auctions
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 SciencesPublication 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