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Static and dynamic resource allocation models for single-leg transportation markets with service disruptions

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  • Wang, Xinchang

Abstract

This work considers the stochastic resource allocation problem for single-leg transportation markets with service disruptions. The single-period version of the problem is formulated as a stochastic model with arbitrarily distributed resource capacity. We then completely characterize the optimal solution to the stochastic model. The multi-period version of the problem is formulated as a dynamic programming model. We characterize the monotone structure of the optimal solution for the dynamic model under uniform resource consumption rates. For the case with general resource consumption rates, a counterexample is provided to show that there exist cases where the optimal solution is not monotone.

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  • Wang, Xinchang, 2017. "Static and dynamic resource allocation models for single-leg transportation markets with service disruptions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 103(C), pages 87-108.
    • Handle: RePEc:eee:transe:v:103:y:2017:i:c:p:87-108
    DOI: 10.1016/j.tre.2017.05.001
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