Journal
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY
Volume 70, Issue 12, Pages 2097-2111Publisher
TAYLOR & FRANCIS LTD
DOI: 10.1080/01605682.2018.1512844
Keywords
Combinatorial auctions; TL operations; bid construction; heuristic
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This paper proposes a heuristic approach for constructing combinatorial bids in TL transportation services procurement auctions. It considers the case where the carrier has already engaged on a set of transportation contracts before participating in the auction. The proposed heuristic identifies profitable new contracts and efficiently integrates them in the carrier exiting routes, and/or builds new routes for unused vehicles. Experimental results prove the efficiency of the proposed heuristic in terms of computing times and solutions quality.
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