Authors
Haoxun Chen,
Title
Combinatorial clock-proxy exchange for carrier collaboration in less than truck load transportation
In
Transportation Research Part E: Logistics and Transportation Review
Volume
91
Pages
152–172
Publisher
Elsevier
Year
2016
Indexed by
Abstract
A carrier collaboration problem in less-than-truck load transportation is considered, where multiple carriers exchange their pickup and delivery requests in order to improve their operational efficiency. We extend the clock-proxy auction proposed by Ausubel et al. (2006) to a combinatorial clock-proxy exchange for the problem. This mechanism combines the price discovery of the clock exchange designed based on Lagrangian relaxation with the efficiency of the proxy exchange determined based on the information observed in the clock phase. Numerical experiments on randomly generated instances demonstrate the necessity of the proxy phase and the effectiveness of the clock-proxy exchange.
Affiliations
Offprint