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Title:

Combinatorial Auctions of Track Capacity in Vertically Separated Markets

Accession Number:

01478598

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

This paper addresses the problem of allocating residual track capacity among multiple competing carriers where infrastructure ownership and train operations are vertically separated to facilitate the delivery by train of one-off loads. A bid set construction approach is proposed for use within a combinatorial auction-based framework to support this allocation of track capacity among competing carriers. The proposed bid set construction technique employs an OR-of-XOR bidding language and optimization methods that will ultimately produce newly scheduled trains with minimum total delay and operating costs. The technique enables the expression of complementary or substitutable relationships among the train slots constructed along predetermined train routes and permits quick configuration of routes from residual track capacity along which new trains can be operated. The proposed technique is compared against an intuitive, combinative bid set construction method and is tested within the combinatorial auction-based track capacity allocation framework. A winner determination problem (WDP) that simultaneously accommodates bidding languages of both bid set construction techniques is used to generate an optimal allocation of track capacity among bidders based on the different bidding strategies. Results of computational experiments designed to illustrate the efficiency of the proposed bid construction technique and effectiveness of the framework are presented.

Supplemental Notes:

This paper was sponsored by TRB committee AR040(1) Rail Capacity.

Monograph Accession #:

01470560

Report/Paper Numbers:

13-2249

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Kuo, April
Miller-Hooks, Elise

Pagination:

23p

Publication Date:

2013

Conference:

Transportation Research Board 92nd Annual Meeting

Location: Washington DC, United States
Date: 2013-1-13 to 2013-1-17
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Uncontrolled Terms:

Subject Areas:

Planning and Forecasting; Railroads; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2013 Paper #13-2249

Files:

TRIS, TRB, ATRI

Created Date:

Feb 5 2013 12:30PM