Auction Settings Impacts on the Performance of Truckload Transportation Marketplaces

Figliozzi, Miguel Andres; Mahmassani, Hani S.; Jaillet, Patrick

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Access status:

Open Access

Type

Working Paper

Author/s

Figliozzi, Miguel Andres
Mahmassani, Hani S.
Jaillet, Patrick

Abstract

This paper compares the performance of different sequential auction settings for the procurement of truckload services. In this environment, demands arrive randomly over time and are described by pick up, delivery locations and hard timewindows. Upon demand arrival, carriers compete for the loads. Different auction and information disclosure settings are studied. Learning methodologies are discussed and analyzed. Simulation results are presented.This paper compares the performance of different sequential auction settings for the procurement of truckload services. In this environment, demands arrive randomly over time and are described by pick up, delivery locations and hard timewindows. Upon demand arrival, carriers compete for the loads. Different auction and information disclosure settings are studied. Learning methodologies are discussed and analyzed. Simulation results are presented.
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Date

2005-03-01

Volume

05-06

Licence

Other

Faculty/School

The University of Sydney Business School, Institute of Transport and Logistics Studies (ITLS)

Subjects

Freight Transportation, Carrier Management Strategies, Carrier Profitability, Information Technology, Bidding Strategies, Electronic Commerce, Auctions.