Article ID Journal Published Year Pages File Type
5110481 Transportation Research Part E: Logistics and Transportation Review 2017 22 Pages PDF
Abstract
This work considers the stochastic resource allocation problem for single-leg transportation markets with service disruptions. The single-period version of the problem is formulated as a stochastic model with arbitrarily distributed resource capacity. We then completely characterize the optimal solution to the stochastic model. The multi-period version of the problem is formulated as a dynamic programming model. We characterize the monotone structure of the optimal solution for the dynamic model under uniform resource consumption rates. For the case with general resource consumption rates, a counterexample is provided to show that there exist cases where the optimal solution is not monotone.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
Authors
,