SCL SEMINAR :: Bidding Algorithms for Simultaneous Transportation Procurement Auctions

Event Details
  • Date/Time:
    • Friday November 17, 2006 - Thursday November 16, 2006
      11:00 am - 11:00 pm
  • Location: Instructional Center (IC) 115
  • Phone:
  • URL:
  • Email:
  • Fee(s):
    N/A
  • Extras:
Contact
Barbara Christopher
Industrial and Systems Engineering
Contact Barbara Christopher
404.385.3102
Summaries

Summary Sentence: SCL SEMINAR :: Bidding Algorithms for Simultaneous Transportation Procurement Auctions

Full Summary: SCL SEMINAR :: Bidding Algorithms for Simultaneous Transportation Procurement Auctions

We explore bidding strategies for a carrier in multiple simultaneous single-lane auctions. The challenge is that the operating cost of the carrier depends on the synergy between the set of lanes the carrier wins, which is not known until the end of the auction. The emphasis is on modeling the uncertainty involved by incorporating the bidding behavior of competitors. We model an optimization problem with the objective of maximizing the carrier's expected profit.

Pizza and refreshments sponsored by The Supply Chain & Logistics Institute.

Additional Information

In Campus Calendar
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Groups

H. Milton Stewart School of Industrial and Systems Engineering (ISYE)

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Categories
Seminar/Lecture/Colloquium
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Status
  • Created By: Barbara Christopher
  • Workflow Status: Published
  • Created On: Oct 8, 2010 - 7:32am
  • Last Updated: Oct 7, 2016 - 9:52pm