| Dynamic Alliance Auctions: A Mechanism for Internet-Based Transportation Markets 2004 Edition Contributor(s): Ihde, Tobias (Author) |
|
 |
ISBN: 3790800988 ISBN-13: 9783790800982 Publisher: Physica-Verlag OUR PRICE: $52.24 Product Type: Paperback Published: October 2003 Annotation: The book introduces the new auction format known as a ~Dynamic Alliance Auctionsa (TM) which has been developed for Internet-based transportation marketplaces. The format allows for a packagewise placement of transportation orders even if these orders stem from different shippers. This, in turn, increases utilization of truck capacity and reduces risk for carriers. It also results in bringing down transportation prices without shrinking margins. After examining the landscape of Internet-based transportation marketplaces, the book identifies vital characteristics and needs of transportation business. The book shows how Dynamic Alliance Auctions combine ideas of matching theory, auctions and bargaining to fit these needs. Finally, the performance of this auction format is investigated analytically and experimentally using a modified private-value framework and different informational settings. |
| Additional Information |
| BISAC Categories: - Transportation - Business & Economics | Management Science - Mathematics | Game Theory |
| Dewey: 388.044 |
| LCCN: 2003060248 |
| Series: Contributions to Management Science |
| Physical Information: 0.35" H x 6.14" W x 9.21" (0.53 lbs) 150 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 1.1 Motivation Today's transportation market is far from perfect. Market participants have admission only to a certain fraction of the market and price formation lacks transparency. However, this state is no law of nature since in principle, all market participants could manage to get together somehow and do business - but gaining new business partners beyond existing bonds usually takes too high efforts. After all, the items in transportation markets are usually traded under extreme time pressure: transportation orders have fixed pick-up and delivery deadlines and free transportation capacity cannot be used thereafter. Here, Internet-based freight markets promise help. Since the early 1990s many of such markets have come into existence so that a considerable number ex- ists today. For Germany alone, over 50 different electronic transportation marketplaces are listed in a database hosted at the University at Bremen (2001). The mediation models of these marketplaces are quite diverse (cp. |