SC&L SEMINAR SERIES :: Cost Allocation Mechanisms for a Shipper Collaboration Network

Event Details
  • Date/Time:
    • Wednesday November 30, 2005 - Tuesday November 29, 2005
      3:30 pm - 11:00 pm
  • Location: Executive Classroom (Room 228 Main Building)
  • Phone:
  • URL:
  • Email:
  • Fee(s):
    N/A
  • Extras:
Contact
Barbara Christopher
Industrial and Systems Engineering
Contact Barbara Christopher
404.385.3102
Summaries

Summary Sentence: SC&L SEMINAR SERIES :: Cost Allocation Mechanisms for a Shipper Collaboration Network

Full Summary: SC&L SEMINAR SERIES :: Cost Allocation Mechanisms for a Shipper Collaboration Network

We study a logistics network where shippers collaborate to minimize system-wide asset repositioning costs. The companies join the collaboration and bundle their shipment requests with others in order to negotiate better rates from a common carrier. In this setting, shippers are able to identify collaborative routes with decreased overall empty truck movements. After the optimal routes that minimize total cost of covering all the shippers' demand are determined, this cost is allocated among the shippers. Our goal is to devise cost allocation mechanisms that will ensure the sustainability of the collaboration. A cost allocation method can have many properties, though there can be none that embraces all. We first develop cost allocation mechanisms with well known properties from the cooperative game theory literature, such as efficiency, fairness and cross monotonicity. Next, we define a set of new properties specifically desirable in our setting and propose several cost allocation schemes which could lead to implementable solutions.

Students and faculty are invited to remain after the seminar for a coffee and snacks reception sponsored by The 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 - 7:36am
  • Last Updated: Oct 7, 2016 - 9:52pm