Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition

@inproceedings{Figliozzi2006QuantifyingOC,
  title={Quantifying Opportunity Costs in Sequential Transportation Auctions for Truckload Acquisition},
  author={Miguel Andres Figliozzi and Hani S. Mahmassani and Patrick Jaillet},
  year={2006}
}
The principal focus of this research is to quantify opportunity costs in sequential transportation auctions. This paper focuses on the study a transportation marketplace with time-sensitive truckload pickup-and-delivery requests. In this paper, two carriers compete for service requests; each arriving service request triggers an auction where carriers compete with each other to win the right of servicing the load. An expression to evaluate opportunity costs is derived. This paper shows that the… CONTINUE READING

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