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Less-than-truckload Dynamic Pricing Model in Physical Internet

Abstract : This paper investigates a decision-making problem consisting of less-than-truckload dynamic pricing (LTLDP) under Physical Internet (PI). PI can be seen as the interconnection of logistics networks via open PI-hubs, which can be considered as spot freight markets where LTL requests of different volume/destination continuously arrive over time for a short-stay. Carriers can bid for the requests by using short-term contract. This paper proposes a dynamic pricing model to optimise carrier’s bid price to maximise his expected profits. Three influencing factors are investigated: requests quantity, carrier’s capacity and cost. The results provide useful guidelines to carriers on pricing decisions in PI-hub.
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https://hal.archives-ouvertes.fr/hal-01369226
Contributor : Bin Qiao <>
Submitted on : Tuesday, September 20, 2016 - 4:18:01 PM
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  • HAL Id : hal-01369226, version 1

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Bin Qiao, Shenle Pan, Eric Ballot. Less-than-truckload Dynamic Pricing Model in Physical Internet. 3rd International Physical Internet Conference (IPIC 2016), Jun 2016, Atlanta, United States. ⟨hal-01369226⟩

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