Faced up with the severe competition in the market, the express rail freight transportation management needs appropriate pricing mechanism to improve the efficiency and benefit. The bi-level pricing model is established, including the lower layer model of cargo flow modal split based on the consignors’ choices, and the upper layer one aiming at maximizing the benefit of railway enterprises. The improved heuristic algorithm is used in the solution of the bi-level model. The example shows that the express rail freight transportation product has a strong competitive advantage among all the products of other transportation modes with optimum price.
Price Optimization of Express Rail Freight Transportation in a Competitive Context
Fifth International Conference on Transportation Engineering ; 2015 ; Dailan, China
ICTE 2015 ; 1988-1994
2015-09-25
Conference paper
Electronic Resource
English
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