01031552

Component

https://doi.org/10.3141/1964-27

http://scholar.google.com...llet&publication_year=2006

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.

01037567

English

pp 247-252

2006

Transportation Research Record: Journal of the Transportation Research Board

0309099730

Print

Figures (5) ; References (16)

Competition; Pickup and delivery service; Simulation

Auctions; Opportunity costs; Time sensitive delivery; Truckload

Highways; Planning and Forecasting; Society; I72: Traffic and Transport Planning

TRIS, TRB, ATRI

Mar 3 2006 11:12AM

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