Less-than-truckload Dynamic Pricing Model in Physical Internet

Bin Qiao, Shenle Pan (shenle.pan@mines-paristech.fr) and Eric Ballot (eric.ballot@mines-paristech.fr)
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Bin Qiao: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Shenle Pan: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Eric Ballot: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique

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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.

Keywords: Dynamic pricing model; less then truckload; transport; Physical Internet (search for similar items in EconPapers)
Date: 2016-07-20
New Economics Papers: this item is included in nep-sog and nep-tre
Note: View the original document on HAL open archive server: https://minesparis-psl.hal.science/hal-01326416v1
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Citations: View citations in EconPapers (2)

Published in The 5th Institute of Industrial Engineers Asian Conference, Jul 2016, Hongkong, China

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