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arxiv 2110.15388 v1 pith:FD2Z7R4Q submitted 2021-10-26 math.OC

Spot Market versus Full Charter Fleet: Decisions Support for Full Truck Load Tenders

Veaceslav Ghilas , Ivo Hedtke , Joachim Weise , Tom Van Woensel This is my paper
classification math.OC
keywords fleetfullmarketpresentedsupportadaptiveadditionallyapproach
verification ladder T0 review T1 audit T2 compute T3 formal T4 reserved
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This paper presents an approach to help business decision-makers gain market share by providing competitive tender offers for Full-Truck-Load (FTL) services. In particular, we compare operating a fleet of Full-Charter-Trucks (FCT), using spot-market (SM) capacity and a mixture of both options against each other. A Pickup and Delivery Problem is modeled, and solved using an Adaptive Large Neighborhood Search heuristic. Computational results indicate strong service benefits combining FCT and SM usage. Numerical experiments are presented in detail to support the findings. Additionally, a real-life case study originating from DB Schenker is presented.

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