auction with rolling horizon for urban consolidation centre

A number of cities around the world have adopted urban consolidation centres (UCCs) to address some challenges of their last-mile deliveries. At the UCC, goods are consolidated based on their destinations prior to their deliveries into the city centre. In many examples, the UCC owns a fleet of eco-f...

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Main Authors: WANG, Chen, HANDOKO, Stephanus Daniel, LAU, Hoong Chuin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
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Online Access:https://ink.library.smu.edu.sg/sis_research/2671
https://ink.library.smu.edu.sg/context/sis_research/article/3671/viewcontent/SOLI_2014___UCC_Auction_Rolling_Horizon.pdf
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spelling sg-smu-ink.sis_research-36712016-12-15T06:37:18Z auction with rolling horizon for urban consolidation centre WANG, Chen HANDOKO, Stephanus Daniel LAU, Hoong Chuin A number of cities around the world have adopted urban consolidation centres (UCCs) to address some challenges of their last-mile deliveries. At the UCC, goods are consolidated based on their destinations prior to their deliveries into the city centre. In many examples, the UCC owns a fleet of eco-friendly vehicles to carry out the deliveries. A carrier/shipper who buys the UCC’s service hence no longer needs to enter the city centre in which time-window and vehicle-type restrictions may apply. As a result, it becomes possible to retain the use of large trucks for the economies of scale outside the city centre. Furthermore, time which would otherwise be spent in the city centre can then be used to deliver more orders. With possibly tighter regulation and thinning profit margin in near future, requests for the use of the UCC’s service shall become more and more common. In [1], the authors proposed a profit-maximizing auction mechanism for the use of the UCC’s last-mile delivery service. In this paper, we extend that work with the idea of a rolling horizon to give bidders greater flexibility in competing for the UCC’s resources in advance. In particular, it addresses the challenge that many shippers/carriers plan their deliveries many weeks ahead, and simultaneously allows last-minute bidders to compete for the UCC’s resources. 2014-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sis_research/2671 info:doi/10.1109/SOLI.2014.6960765 https://ink.library.smu.edu.sg/context/sis_research/article/3671/viewcontent/SOLI_2014___UCC_Auction_Rolling_Horizon.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University Artificial Intelligence and Robotics Operations and Supply Chain Management
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Artificial Intelligence and Robotics
Operations and Supply Chain Management
spellingShingle Artificial Intelligence and Robotics
Operations and Supply Chain Management
WANG, Chen
HANDOKO, Stephanus Daniel
LAU, Hoong Chuin
auction with rolling horizon for urban consolidation centre
description A number of cities around the world have adopted urban consolidation centres (UCCs) to address some challenges of their last-mile deliveries. At the UCC, goods are consolidated based on their destinations prior to their deliveries into the city centre. In many examples, the UCC owns a fleet of eco-friendly vehicles to carry out the deliveries. A carrier/shipper who buys the UCC’s service hence no longer needs to enter the city centre in which time-window and vehicle-type restrictions may apply. As a result, it becomes possible to retain the use of large trucks for the economies of scale outside the city centre. Furthermore, time which would otherwise be spent in the city centre can then be used to deliver more orders. With possibly tighter regulation and thinning profit margin in near future, requests for the use of the UCC’s service shall become more and more common. In [1], the authors proposed a profit-maximizing auction mechanism for the use of the UCC’s last-mile delivery service. In this paper, we extend that work with the idea of a rolling horizon to give bidders greater flexibility in competing for the UCC’s resources in advance. In particular, it addresses the challenge that many shippers/carriers plan their deliveries many weeks ahead, and simultaneously allows last-minute bidders to compete for the UCC’s resources.
format text
author WANG, Chen
HANDOKO, Stephanus Daniel
LAU, Hoong Chuin
author_facet WANG, Chen
HANDOKO, Stephanus Daniel
LAU, Hoong Chuin
author_sort WANG, Chen
title auction with rolling horizon for urban consolidation centre
title_short auction with rolling horizon for urban consolidation centre
title_full auction with rolling horizon for urban consolidation centre
title_fullStr auction with rolling horizon for urban consolidation centre
title_full_unstemmed auction with rolling horizon for urban consolidation centre
title_sort auction with rolling horizon for urban consolidation centre
publisher Institutional Knowledge at Singapore Management University
publishDate 2014
url https://ink.library.smu.edu.sg/sis_research/2671
https://ink.library.smu.edu.sg/context/sis_research/article/3671/viewcontent/SOLI_2014___UCC_Auction_Rolling_Horizon.pdf
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