Carrier Assignment Models in Transportation Procurement
This paper extends carrier assignment models used in winner determination auctions for transportation procurement to include shipper non-price objectives and carrier transit point costs. The models are unlike traditional carrier assignment models which incorporate only carrier lane bids, and different from combinatorial auction models which focus on packets of lanes without considering transit point costs. We develop solutions, including metaheuristics, for the new models and through computational experimentation show that the algorithms work well and can be easily implemented.
Bid, Metaheuristics, Procurement, Transportation
Operations and Supply Chain Management
Journal of the Operational Research Society
GUO, Yunsong; LIM, Andrew; RODRIGUES, Brian; and ZHU, Yejun.
Carrier Assignment Models in Transportation Procurement. (2006). Journal of the Operational Research Society. 57, (12), 1472-1481. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/560