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Bidder response to combinatorial auctions in truckload procurement

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dc.contributor.advisor Yosef Sheffi. en_US
dc.contributor.author Plummer Clinton Lee, 1980- en_US
dc.contributor.other Massachusetts Institute of Technology. Engineering Systems Division. en_US
dc.date.accessioned 2005-09-27T17:07:44Z
dc.date.available 2005-09-27T17:07:44Z
dc.date.issued 2003 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/28578
dc.description Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2003. en_US
dc.description "June 2003." en_US
dc.description Includes bibliographical references (p. 62-63). en_US
dc.description.abstract This thesis explores how truckload carriers use conditional bids within the framework of a combinatorial auction to win more business and balance their existing networks. Because a considerable portion of a truckload carrier's cost of serving a given lane is associated with the probability of finding a follow-on load (i.e. economies of scope), bidding on a lane-by-lane basis may not accurately reflect a carrier's true cost of serving that lane. In a combinatorial auction, a truckload carrier can more accurately reflect its true cost of serving a given lane by offering package discounts, conditional on winning lanes that increase the probability of finding follow-on loads. Though a considerable amount has been written about the economics of truckload carrier's operations and the benefits of combinatorial auctions to shippers, few have studied conditional bidding from a bidder's (carrier's) perspective. This thesis makes three contributions. First, an explanation of why bidders do and don't submit conditional bids in combinatorial auctions is provided. Second, a model of carrier costs functions, including package discounts (a measure of economies of scope) is developed. Finally, this thesis examines regional pricing differences, and quantifies the amount by which carriers will change their prices in different regions of the US. en_US
dc.description.statementofresponsibility by Clinton Lee Plummer. en_US
dc.format.extent 81 p. en_US
dc.format.extent 4537523 bytes
dc.format.extent 4546633 bytes
dc.format.mimetype application/pdf
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri http://dspace.mit.edu/handle/1721.1/7582
dc.subject Engineering Systems Division. en_US
dc.title Bidder response to combinatorial auctions in truckload procurement en_US
dc.type Thesis en_US
dc.description.degree M.Eng.in Logistics en_US
dc.contributor.department Massachusetts Institute of Technology. Engineering Systems Division. en_US
dc.identifier.oclc 57468366 en_US


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