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The benefit of advance load information for truckload carriers |
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| Institution: | 1. KU Leuven,Department of Computer Science,CODeS & imec, Belgium;2. Department of Computing, Federal University of Ouro Preto, Ouro Preto, Brazil;3. Research Foundation Flanders - FWO Vlaanderen, Belgium;1. Ted Rogers School of Management, Toronto Metropolitan University, 575 Bay Street, Toronto, ON M5G 2C5, Canada;2. Pilon School of Business, Sheridan College, 1430 Trafalgar Rd, Oakville, Ontario, Canada |
| Abstract: | This paper models and measures the profit improvement trucking companies can achieve by collaborating with their clients to obtain advance load information (ALI). The main approach is to formulate a comprehensive and flexible mixed integer mathematical model and implement it in a dynamic rolling horizon context. The findings illustrate that access to the second and the third day ALI can improve the profit by averages of 22% and 6%, respectively. We also found that the impact of ALI depends on radius of service and trip length but is statistically independent of load density and fleet size. |
| Keywords: | Long haul transportation Advance load information Vehicle routing problems Optimization |
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