Purchasing transportation services from ocean carriers

Zhou Xu, Xiaofan Lai

Research output: Chapter in book / Conference proceedingChapter in an edited book (as author)Academic researchpeer-review

4 Citations (Scopus)

Abstract

Reducing transportation costs is priority number one for global shippers who need to move their cargo containers all over the world. To achieve such cost reduction, a shipper can use what is called a reverse auction mechanism to purchase transportation services, by inviting carriers, i.e. liner shipping companies, to bid competitively to sell their services. As part of the process, carriers often seek commitments from the shipper, and internal business units of the shipper often express their own preferences when it comes choosing the carriers, which naturally complicates the shipper’s decisions. In this chapter, we first review existing studies on the transportation service procurement problem. Based on a new general optimization model, we then discuss extensions to the existing known results, as well as present several results new to the literature.
Original languageEnglish
Title of host publicationInternational Series in Operations Research and Management Science
Pages399-427
Number of pages29
DOIs
Publication statusPublished - 1 Jan 2015

Publication series

NameInternational Series in Operations Research and Management Science
Volume220
ISSN (Print)0884-8289

ASJC Scopus subject areas

  • Software
  • Computer Science Applications
  • Strategy and Management
  • Management Science and Operations Research
  • Applied Mathematics

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