Modeling Carrier Behavior in Sequential Auction Transportation Markets

Authors

Miguel Andres Figliozzi, Portland State UniversityFollow
Hani S. Mahmassani, University of Maryland at College ParkFollow
Patrick Jaillet, University of Maryland at College ParkFollow

Document Type

Presentation

Publication Date

8-2003

Subjects

Shipment of goods -- Costs, Business logistics -- Mathematical models, Vehicle routing problem, Freight transportation

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? 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.

Description

10th International Conference on Travel Behaviour Research (IATBR), August 2003

Persistent Identifier

http://archives.pdx.edu/ds/psu/8882

Citation Details

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.