Hybrid modeling of collaborative freight transportation planning using agent-based simulation, auction-based mechanisms, and optimization
Bae, K-H; Mustafee, N; Lazarova-Molnar, S; et al.Zheng, L
Date: 8 February 2022
Journal
SIMULATION: Transactions of The Society for Modeling and Simulation International
Publisher
SAGE Publications
Publisher DOI
Abstract
The sharing economy is a peer-to-peer economic model characterized by people and organizations sharing resources. With the emergence of such economies, an increasing number of logistics providers seek to collaborate and derive benefit from the resultant economic efficiencies, sustainable operations, and network resilience. This study ...
The sharing economy is a peer-to-peer economic model characterized by people and organizations sharing resources. With the emergence of such economies, an increasing number of logistics providers seek to collaborate and derive benefit from the resultant economic efficiencies, sustainable operations, and network resilience. This study investigates the potential for collaborative planning enabled through a Physical Internet-enabled logistics system in an urban area that acts as a freight transport hub with several e-commerce warehouses. Our collaborative freight transportation planning approach is realized through a three-layer structured hybrid model that includes agent-based simulation, auction mechanism, and optimization. A multi-agent model simulates a complex transportation network, an auction mechanism facilitates allocating transport services to freight requests, and a simulation–optimization technique is used to analyze strategic transportation planning under different objectives. Furthermore, sensitivity analyses and Pareto efficiency experiments are conducted to draw insights regarding the effect of parameter settings and multi-objectives. The computational results demonstrate the efficacy of our developed model and solution approach, tested on a real urban freight transportation network in a major US city.
Management
Faculty of Environment, Science and Economy
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