Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5110481 | Transportation Research Part E: Logistics and Transportation Review | 2017 | 22 Pages |
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.
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Authors
Xinchang Wang,