
Purpose The purpose of this paper is to study a transportation service procurement bid construction problem from a less than a full truckload perspective. It seeks to establish stochastic mixed integer programming to allow for the proper bundle of loads to be chosen based on price, which could improve the likelihood that carrier can earn its maximum utility. Design/methodology/approach The authors proposes a bi-level programming that integrates the bid selection and winner determination and a discrete particle swarm optimization (PSO) solution algorithm is then developed, and a numerical simulation is used to make model and algorithm analysis. Findings The algorithm comparison shows that although GA could find a little more Pareto solutions than PSO, it takes a longer time and the quality of these solutions is not dominant. The model analysis shows that compared with traditional approach, our model could promote the likelihood of winning bids and the decision effectiveness of the whole system because it considers the reaction of the shipper. Originality/value The highlights of this paper are considering the likelihood of winning the business and describing the conflicting and cooperative relationship between the carrier and the shipper by using a stochastic mixed integer programming, which has been rarely examined in previous research.
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 6 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
