An auction-based approach for prebooked urban logistics facilities

Kaidi Yang, Mireia Roca-Riu and Mónica Menéndez

Omega, 2019, vol. 89, issue C, 193-211

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.

Keywords: Parking slot Assignment Problem; Combinatorial auctions; City logistics; Mechanism design; Urban facilities (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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DOI: 10.1016/j.omega.2018.10.005

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