A family of market-based shipment methodologies for delivery supply chain

Seog Chan Oh, Soundar Rajan Tirupatikumara, Shang Tae Yee, Jeffrey D. Tew

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Load building is an important step to make the delivery supply chain efficient. We present a family of load makeup algorithms using market control-based strategy, named LoadMarket, in order to build efficient loads where each load consists of a certain number of finished products having destinations. LoadMarket adopts minimum spanning tree graph algorithm for generating initial endowment for Load Traders who cooperate to minimize either total travel distance or the variance with respect to the travel distances of loads through a spot market or double-sided auction market mechanism. For the simulated load shipment market, the efficiency of the LoadMarket algorithms is analyzed using simulation experiments.

Original languageEnglish (US)
Title of host publicationProceedings of the 2005 Winter Simulation Conference
Pages1759-1765
Number of pages7
DOIs
StatePublished - Dec 1 2005
Event2005 Winter Simulation Conference - Orlando, FL, United States
Duration: Dec 4 2005Dec 7 2005

Publication series

NameProceedings - Winter Simulation Conference
Volume2005
ISSN (Print)0891-7736

Other

Other2005 Winter Simulation Conference
CountryUnited States
CityOrlando, FL
Period12/4/0512/7/05

All Science Journal Classification (ASJC) codes

  • Software
  • Modeling and Simulation
  • Computer Science Applications

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