The principal purpose of this research is to quantify opportunity costs in sequential transportation auctions. The focus of the study is a transportation marketplace with time-sensitive truckload pickup-and-delivery requests. Two carriers compete for service requests; each arriving service request triggers an auction in which carriers compete with each other to win the right of servicing the load. An expression for evaluating opportunity costs is derived. The impact of evaluating opportunity costs is shown to be dependent on the competitive market setting. A simulation framework is used to evaluate different strategies. Some results and the overall simulation framework are also discussed.
Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition
Transportation Research Record
Transportation Research Record: Journal of the Transportation Research Board ; 1964 , 1 ; 247-252
2006-01-01
Article (Journal)
Electronic Resource
English
Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition
British Library Conference Proceedings | 2006
|Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition
Online Contents | 2006
|Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition
Transportation Research Record | 2006
|Reducing Truckload Transportation Costs Through Collaboration
Online Contents | 2007
Reducing Truckload Transportation Costs Through Collaboration
British Library Online Contents | 2007
|