TY - CHAP
T1 - Purchasing transportation services from ocean carriers
AU - Xu, Zhou
AU - Lai, Xiaofan
PY - 2015/1/1
Y1 - 2015/1/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84955103783&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-11891-8_13
DO - 10.1007/978-3-319-11891-8_13
M3 - Chapter in an edited book (as author)
T3 - International Series in Operations Research and Management Science
SP - 399
EP - 427
BT - International Series in Operations Research and Management Science
ER -