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Impact of Non-truthful Bidding on Transport Coalition Profits

In: Operations Research Proceedings 2016

Author

Listed:
  • Jonathan Jacob

    (University of Bremen)

  • Tobias Buer

    (University of Bremen)

Abstract

A coalition of freight carriers is considered which has to decide how to allocate a pool of transport requests among its members. The literature is aware of a number of solution approaches which usually assume truthful behavior of the freight carriers. However, the used negotiation protocols are mostly not proven to enforce truthful behavior. This paper gives some insights into the impact of non-truthful behavior via computational experiments. We solve the collaborative problem via a genetic algorithm (GA) which is operated by an auctioneer. The GA’s individuals are allocations of requests to carriers. To calculate the fitness of an individual, the carriers bid on the allocations. Bidding below a carrier’s true valuation could ceteris paribus increase its profits. However, understated valuations can influence the search process negatively, in particular when a favoured allocation is dismissed wrongly. It is shown via computational experiments that for six tested instances, bidding non-truthfully is individually, but not collectively, rational and results in a kind of prisoner’s dilemma.

Suggested Citation

  • Jonathan Jacob & Tobias Buer, 2018. "Impact of Non-truthful Bidding on Transport Coalition Profits," Operations Research Proceedings, in: Andreas Fink & Armin Fügenschuh & Martin Josef Geiger (ed.), Operations Research Proceedings 2016, pages 203-208, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-55702-1_28
    DOI: 10.1007/978-3-319-55702-1_28
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    Cited by:

    1. Gansterer, Margaretha & Hartl, Richard F. & Sörensen, Kenneth, 2020. "Pushing frontiers in auction-based transport collaborations," Omega, Elsevier, vol. 94(C).
    2. Margaretha Gansterer & Richard F. Hartl, 2021. "The Prisoners’ Dilemma in collaborative carriers’ request selection," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 29(1), pages 73-87, March.
    3. Margaretha Gansterer & Richard F. Hartl, 2020. "Shared resources in collaborative vehicle routing," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 28(1), pages 1-20, April.

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