This study investigates valuation effects of mergers and acquisitions in the freight transportation industry. It is found that mergers and acquisitions create synergistic gains, especially tender offers, consistent with the view that freight transportation mergers and acquisitions occur for...

We determine the value of monitoring perishable freight in-transit for a single vehicle traveling from an origin to a destination. We develop a computationally practical approach for determining the optimal expected cost function and an optimal policy, based on an infinite horizon partially...

For VRP with time windows (VRPTW) solved by conventional cluster-first and route-second approach, temporal information is usually considered with vehicle routing but ignored in the process of clustering. We propose an alternative approach based on spatiotemporal partitioning to solving a...

This paper studies a set of heterogenous competitive firms simultaneously locating facilities at a set of locations to serve a set of markets. Firms incur firm-specific transportation, congestion, and location costs, and market price is linear and decreasing in the amount shipped to the market...

This paper addresses the design problem of a rail transit line located in a linear urban transportation corridor. The service variables designed are a combination of rail line length, number and locations of stations, headway and fare. Two profit maximization models, which account for the...

This paper considers the problem of how to select the toll and capacity levels of a new toll road added onto an existing network with a single link. The existing network has various ownership regimes: free, public or private owned toll road. The effects of the ownership regime of the existing...

This study constructs a royalty negotiation model for the bi-level programming (BLP) problem and develops a heuristic algorithm for solving the BLP problem. Concession rate, learning effect, and the time value discount rate are integrated into the proposed algorithm to reflect an authentic...

This paper investigates hub carriers’ airlines-within-airlines (AinA) strategies, intended to establish low-cost divisions offering nonstop flights on rim routes. An initial hub-spoke network is optimal if passenger differentiation between one-stop and nonstop services and via-hub time cost...

In the Generalized Bin Packing Problem (GBPP), given two sets of compulsory and non-compulsory items characterized by volume and profit and a set of bins with given volume and cost, we want to select the subset of profitable non-compulsory items to be loaded together with the compulsory ones...

Using the context of queue operations at a major Canada–US commercial border crossing for truck-borne trade flows, we report on a computer simulation study to predict the likely impacts of smoothing those flows. We quantify the operational and resource efficiencies of smoothing for...