Stochastic resource allocation for containerized cargo transportation networks when capacities are uncertain

Xinchang Wang

Transportation Research Part E: Logistics and Transportation Review, 2016, vol. 93, issue C, 334-357

Abstract: We consider the stochastic resource allocation problem for containerized cargo transportation with uncertain capacities and network effects, in which a freight operator needs to allocate a certain amount of capacity to each product to maximize the expected profit. We formulate the problem as a constrained stochastic programming model and provide theoretical results that completely characterize the optimal solution to the model under a special case. Under a general case, we build an approximation model of the problem and propose a sampling based algorithm to solve the approximation model. A number of numerical experiments are offered to test the algorithm.

Keywords: Containerized cargo transportation; Stochastic resource allocation; Uncertain capacity; Revenue management; Network effects; Random demands (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1366554516300588
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:93:y:2016:i:c:p:334-357

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/bibliographic
http://www.elsevier. ... 600244/bibliographic

DOI: 10.1016/j.tre.2016.06.004

Access Statistics for this article

Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley

More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().