Framework for Study of Carrier Strategies in Auction-Based Transportation Marketplace

Miguel Andres Figliozzi*, Hani S. Mahmassani, Patrick Jaillet

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

26 Scopus citations

Abstract

Online markets for transportation services in the form of Internet sites that dynamically match shipments (shippers' demand) and transportation capacity (carriers' offer) through auction mechanisms are changing the traditional structure of transportation markets. A general framework for the study of carriers' strategies in a transportation auction marketplace is provided. The unique characteristics of these marketplaces and the sources of difficulty in analyzing the performance of these marketplaces under different carrier bidding strategies are discussed. A simulation framework is used to explore the complex engineering and economic processes and issues that arise in a transportation marketplace and that are difficult to explore by using standard analytical or statistical tools. Some results and the overall simulation framework are also discussed.

Original languageEnglish (US)
Pages (from-to)162-170
Number of pages9
JournalTransportation Research Record
Issue number1854
StatePublished - 2003

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Mechanical Engineering

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