Shipment of goods -- Costs, Business logistics -- Mathematical models, Vehicle routing problem, Freight transportation
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? behavior in a sequential auction transportation marketplace is provided. The unique characteristics of these marketplaces and the sources of difficulty in analyzing the behavior of these marketplaces are discussed. Learning and behavior in a sequential Vickrey auction marketplace is analyzed and simulated. Some results and the overall behavioral framework are also discussed.
Figliozzi, M.A., Mahmassani, H.S. and Jaillet, P. (2003) Modeling Carrier Behavior in Sequential Auction Transportation Markets, paper presented at the 10th International Conference on Travel Behaviour Research, Lucerne, August 2003.