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The stochastic bid generation problem in combinatorial transportation auctions |
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| Authors: | Chefi Triki Simona Oprea Patriza Beraldi Teodor Gabriel Crainic |
| Institution: | 1. Dept. of Mechanical and Industrial Engineering, Sultan Qaboos University, Muscat, Oman;2. Dept. of Engineering for Innovation, University of Salento, Lecce, Italy;3. Dept. of Electronics, Informatics and Systems, University of Calabria, Rende (CS), Italy;4. Dept. Management et Technologie, École des Sciences de la Gestion, Montréal, Canada;5. CIRRELT, Université du Québec à Montréal, Montréal, Canada |
| Abstract: | In this paper, we deal with the generation of bundles of loads to be submitted by carriers participating in combinatorial auctions in the context of long-haul full truckload transportation services. We develop a probabilistic optimization model that integrates the bid generation and pricing problems together with the routing of the carrier’s fleet. We propose two heuristic procedures that enable us to solve models with up to 400 auctioned loads. |
| Keywords: | Auctions/bidding Truckload procurement Probabilistic constraints |
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