IDEAS home Printed from https://ideas.repec.org/a/hin/jnlmpe/1728512.html
   My bibliography  Save this article

Transportation Service Procurement Bid Construction Problem from Less Than Truckload Perspective

Author

Listed:
  • Fang Yan
  • Yanfang Ma
  • Manjing Xu
  • Xianlong Ge

Abstract

This paper presents mixed integer programming for a transportation service procurement bid construction problem from a less than full truckload perspective, in which the bidders (carriers) generate their best bid (package) using a bundled price to maximize their utility and increase the chance of winning the business. The models are developed from both the carriers and shippers perspectives to establish a relationship between the quoted price and the likelihood of winning to assist the carriers in balancing the potential benefits and the possibility of winning the bid. An intelligent algorithm based on Particle Swarm Optimization is then designed to solve the proposed model and hypothetical data sets are used to test the effectiveness and efficiency of the proposed model and algorithm.

Suggested Citation

  • Fang Yan & Yanfang Ma & Manjing Xu & Xianlong Ge, 2018. "Transportation Service Procurement Bid Construction Problem from Less Than Truckload Perspective," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-17, January.
    • Handle: RePEc:hin:jnlmpe:1728512
    DOI: 10.1155/2018/1728512
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/MPE/2018/1728512.pdf
    Download Restriction: no
    File URL: http://downloads.hindawi.com/journals/MPE/2018/1728512.xml
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2018/1728512?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hin:jnlmpe:1728512. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.