A family of market-based shipment methodologies for delivery supply chain

Author

Oh, Seog-Chan ; Kumara, Soundar R T ; Yee, Shang-Tae ; Tew, Jeffrey D.

Author_Institution

Ind. & Manuf. Eng. Dept., Pennsylvania State Univ., University Park, PA, USA

fYear

2005

fDate

4-7 Dec. 2005

Abstract

Load building is an important step to make the delivery supply chain efficient. We present a family of load makeup algorithms using market control-based strategy, named LoadMarket, in order to build efficient loads where each load consists of a certain number of finished products having destinations. LoadMarket adopts minimum spanning tree graph algorithm for generating initial endowment for load traders who cooperate to minimize either total travel distance or the variance with respect to the travel distances of loads through a spot market or double-sided auction market mechanism. For the simulated load shipment market, the efficiency of the LoadMarket algorithms is analyzed using simulation experiments.

Keywords

goods distribution; supply chain management; trees (mathematics); LoadMarket; delivery supply chain; double-sided auction market; graph algorithm; load building; load makeup algorithm; load shipment market; market control-based strategy; market-based shipment methodology; minimum spanning tree; spot market; Acoustical engineering; Analytical models; Cities and towns; Costs; Manufacturing industries; Manufacturing systems; Road transportation; Shipbuilding industry; Supply chains; Vehicles;

fLanguage

English

Publisher

ieee

Conference_Titel

Simulation Conference, 2005 Proceedings of the Winter

Print_ISBN

0-7803-9519-0

Type

conf

DOI

10.1109/WSC.2005.1574449

Filename

1574449