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An auction-based approach for prebooked urban logistics facilities

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  • Yang, Kaidi
  • Roca-Riu, Mireia
  • Menéndez, Mónica

Abstract

The proper management of urban loading/unloading facilities is crucial for both the efficiency of the logistic services and urban traffic systems. Thanks to the advances in technologies, such management can be achieved through prebooked systems. In this paper, we propose a comprehensive and unified auction-based approach to optimize the use of prebooked loading and unloading facilities, based on a previous work of the authors. The new proposed approach assigns parking spots to companies and computes the price of the service, to maximize the social welfare of the system. It has the following advantages over the previous system: (i) by employing an auction’s formulation based on the Vickrey–Clarke–Groves mechanism, the proposed system explicitly considers the heterogeneity in the penalty functions; (ii) uncertainty in the carrier arrivals due to traffic condition is handled explicitly with an online readjustment and two robust formulations.

Suggested Citation

  • Yang, Kaidi & Roca-Riu, Mireia & Menéndez, Mónica, 2019. "An auction-based approach for prebooked urban logistics facilities," Omega, Elsevier, vol. 89(C), pages 193-211.
    • Handle: RePEc:eee:jomega:v:89:y:2019:i:c:p:193-211
    DOI: 10.1016/j.omega.2018.10.005
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    Cited by:

    1. Eirinakis, Pavlos & Mourtos, Ioannis & Zampou, Eleni, 2022. "Random Serial Dictatorship for horizontal collaboration in logistics," Omega, Elsevier, vol. 111(C).
    2. Legros, Benjamin & Fransoo, Jan C., 2024. "Admission and pricing optimization of on-street parking with delivery bays," European Journal of Operational Research, Elsevier, vol. 312(1), pages 138-149.
    3. Mor, A. & Speranza, M.G. & Viegas, J.M., 2020. "Efficient loading and unloading operations via a booking system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    4. Legros, Benjamin & Fransoo, Jan C., 2023. "Admission and pricing optimization of on-street parking with delivery bays," Other publications TiSEM 6d41ee5c-27dc-4d34-aff1-4, Tilburg University, School of Economics and Management.

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