Modeling and analysis of an auction-based logistics market

@article{Agrali2008ModelingAA,
  title={Modeling and analysis of an auction-based logistics market},
  author={Semra Agrali and Baris Tan and Fikri Karaesmen},
  journal={European Journal of Operational Research},
  year={2008},
  volume={191},
  pages={272-294}
}
We consider a logistics spot market where the transportation orders from a number of firms are matched with two types of carriers through a reverse auction. In the spot market, local carriers compete with in-transit carriers that have lower costs. In order to analyze the effects of implementing a logistics spot market on these three parties: firms, local carriers, and in-transit carriers and also the effects of various system parameters, we develop a two-stage stochastic model. We first model… CONTINUE READING
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