Integrated operations planning and revenue management for rail freight transportation

Integrated operations planning and revenue management for rail freight transportation

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Article ID: iaor201111760
Volume: 46
Issue: 1
Start Page Number: 100
End Page Number: 119
Publication Date: Jan 2012
Journal: Transportation Research Part B
Authors: , ,
Keywords: combinatorial optimization, vehicle routing & scheduling
Abstract:

In the rail industry, profit maximization relies heavily on the integration of logistics activities with an improved management of revenues. The operational policies chosen by the carrier have an important impact on the network yield and thus on global profitability. This paper bridges the gap between railroad operations planning and revenue management. We propose a new bilevel mathematical formulation which encompasses pricing decisions and network planning policies such as car blocking and routing as well as train make‐up and scheduling. An exact solution approach based on a mixed integer formulation adapted to the problem structure is presented, and computational results are reported on randomly generated instances.

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