Carrier Bidding Strategies for Iterative Auctions for Transportation Services
نویسندگان
چکیده
Transportation service procurement auctions are typically characterized by limited number of rounds and low profit margin. In this paper we address the bid determination problem for single-lane and combinatorial bids in the successive rounds of an auction, which maximizes the profit and also ensures winning. A profit factor (PF) is computed at each round using the industry average price for this lane from the historical figures and the winning bids for the past round of this auction.
منابع مشابه
Exchange Mechanisms for Shipper - Carrier Negotiations
This research was motivated by the increase in the number of Internet based trucking exchanges that have come into existence during 2000. This thesis categorizes currently operating transportation exchanges according to their price setting mechanism and strategies. A trucking exchange for truckload carriers with a carrier-centric price setting mechanism is considered in this thesis. A game theo...
متن کاملPreventing Strategic Manipulation in Iterative Auctions: Proxy Agents and Price-Adjustment
Iterative auctions have many computational advantages over sealed-bid auctions, but can present new possibilities for strategic manipulation. We propose a two-stage technique to make iterative auctions that compute optimal allocations with myopic best-response bidding strategies more robust to manipulation. First, introduce proxy bidding agents to constrain bidding strategies to (possibly untru...
متن کاملBid Price Optimization for Simultaneous Truckload Transportation Procurement Auctions
We study simultaneous transportation procurement auctions from a truckload carrier’s perspective. We formulate a stochastic bid price optimization problem with the objective of maximizing a carrier’s expected profit. The formulation takes into account the synergies among the lanes and the competing carriers’ bidding strategies. For solving this stochastic optimization problem, we develop an ite...
متن کاملTransportation Service Procurement Using Combinatorial Auction
Auction is a mechanism of selling distinct assets that can be both physical objects and virtual objects. Examples of virtual objects are the rights to use assets like airport time slots and FCC spectrum, or to service truckload delivery routes in a transportation network. Under some situations bidding on combinations of objects can render lower total price compare with bidding the objects one a...
متن کاملCombinatorial Auctions for Transportation Service Procurement: The Carrier Perspective
The procurement of transportation services is an important task for shippers because of the need to control costs at the same time as providing high service levels. When shippers with goods and/or materials to transport seek transportation services from outside companies they typically put out a request for quotes from a set of carriers. They then assign contracts based on negotiated service ch...
متن کامل