Static and dynamic resource allocation models for single-leg transportation markets with service disruptions

This work considers the stochastic resource allocation problem for single-leg transportation markets with service disruptions. The single-period version of the problem is formulated as a stochastic model with arbitrarily distributed resource capacity. The authors then completely characterize the optimal solution to the stochastic model. The multi-period version of the problem is formulated as a dynamic programming model. They characterize the monotone structure of the optimal solution for the dynamic model under uniform resource consumption rates. For the case with general resource consumption rates, a counterexample is provided to show that there exist cases where the optimal solution is not monotone.

• Record URL:
  https://doi.org/10.1016/j.tre.2017.05.001
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S1366554516310031
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Wang, Xinchang
• Publication Date: 2017-7

Language

• English

Media Info

• Media Type: Web
• Features: Appendices; Figures; References; Tables;
• Pagination: pp 87-108
• Serial:
  • Transportation Research Part E: Logistics and Transportation Review
  • Volume: 103
  • Publisher: Elsevier
  • ISSN: 1366-5545
  • Serial URL: http://www.sciencedirect.com/science/journal/13665545

Subject/Index Terms

• TRT Terms: Dynamic models; Dynamic programming; Markets; Resource allocation; Service disruption
• Subject Areas: Operations and Traffic Management; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01638699
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 23 2017 2:03PM