Papers

Paper

Less-than-truckload dynamic pricing model in Physical Internet

Authors:

Bin Qiao, Shenle Pan and Eric Ballot

Abstract:

This paper investigates a decision-making problem consisting of less-than-truckload dynamic pricing (LTLDP) under Physical Internet (PI). PI can be seen as the interconnection of logistics networks via open PI-hubs, which can be thought of as spot freight markets where LTL requests of different volume/destination continuously arrive over time for a short stay. Carriers can bid for the requests of their interest with using short-term contract. This paper proposes a dynamic pricing model to optimise carrier’s bid price and probability to win requests to maximise his expected profits. The results provide useful guidelines to carriers for making pricing decisions in PI-hub.

Keywords:

dynamic pricing, Physical Internet, Less-Than-Truckload, auction

Related Session:

Workshop TP2: Physical Internet Analytics and Pricing

Thursday, June 30, 2:55pm - 3:55pm

Poster

Physical Internet Analytics: A Case Study from an Automotive Parts Manufacturer

Authors:

Ray Y. Zhong and George Q. Huang

Abstract:

This paper presents a case study from a real-life automotive parts manufacturer which has been used RFID technology, Physical Internet principle, wireless manufacturing, and hybrid flow shop production mode to organize its shopfloor manufacturing. The case is going to reveal how a typical small and medium-sized enterprise (SME) could be revitalized by using PIA to improve its internal logistics in warehouse and manufacturing shopfloors. Several research questions are focused in this paper and corresponding solutions are demonstrated.

Keywords:

Physical Internet, Big Data, Analytics, Case Study, RFID, Manufacturing shop floor

Related Session:

Workshop TP2: Physical Internet Analytics and Pricing

Thursday, June 30, 2:55pm - 3:55pm