Multiobjective Combinatorial Auctions in Transportation Procurement
Joint Authors
Hosseini-Motlagh, Seyyed-Mahdi
Goh, Mark
Mustafa, Adli
Ignatius, Joshua
Rahman, Amirah
Sepehri, Mohammad Mehdi
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-02-16
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
This paper presents a multiobjective winner determination combinatorial auction mechanism for transportation carriers to present multiple transport lanes and bundle the lanes as packet bids to the shippers for the purposes of ocean freight.
This then allows the carriers to maximize their network of resources and pass some of the cost savings onto the shipper.
Specifically, we formulate three multi-objective optimization models (weighted objective model, preemptive goal programming, and compromise programming) under three criteria of cost, marketplace fairness, and the marketplace confidence in determining the winning packages.
We develop solutions on the three models and perform a sensitivity analysis to show the options the shipper can use depending on the existing conditions at the point of awarding the transport lanes.
American Psychological Association (APA)
Ignatius, Joshua& Hosseini-Motlagh, Seyyed-Mahdi& Goh, Mark& Sepehri, Mohammad Mehdi& Mustafa, Adli& Rahman, Amirah. 2014. Multiobjective Combinatorial Auctions in Transportation Procurement. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-510891
Modern Language Association (MLA)
Ignatius, Joshua…[et al.]. Multiobjective Combinatorial Auctions in Transportation Procurement. Mathematical Problems in Engineering No. 2014 (2014), pp.1-9.
https://search.emarefa.net/detail/BIM-510891
American Medical Association (AMA)
Ignatius, Joshua& Hosseini-Motlagh, Seyyed-Mahdi& Goh, Mark& Sepehri, Mohammad Mehdi& Mustafa, Adli& Rahman, Amirah. Multiobjective Combinatorial Auctions in Transportation Procurement. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-510891
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-510891