Title

Framework for Study of Carrier Strategies in Auction-Based Transportation Marketplace

Published In

Transportation Research Record: Journal of the Transportation Research Board

Document Type

Article

Publication Date

2003

Subjects

Logistics, Freight and freightage -- Mathematical models, Transportation planning -- Technological innovations -- Evaluation

Abstract

Online markets for transportation services in the form of Internet sites that dynamically match shipments (shippers' demand) and transportation capacity (carriers' offer) through auction mechanisms are changing the traditional structure of transportation markets. A general framework for the study of carriers' strategies in a transportation auction market place is provided. The unique characteristics of these marketplaces and the sources of difficulty in analyzing the performance of these market places under different carrier bidding strategies are discussed. A simulation framework is used to explore the complex engineering and economic processes and issues that arise in a transportation marketplace and that are difficult to explore by using standard analytical or statistical tools. Some results and the overall simulation framework are also discussed.

Description

Copyright, National Academy of Sciences. Posted with permission of the Transportation Research Board. None of this material may be presented to imply endorsement by TRB of a product, method, practice, or policy.

DOI

10.3141/1854-18