2012
DOI: 10.1287/inte.1110.0610
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A Large US Retailer Selects Transportation Carriers Under Diesel Price Uncertainty

Abstract: A large US retailer that procures transportation services from third-party carriers experienced an unexpected jump in fuel surcharges as the price of diesel fuel skyrocketed in the summer of 2008. As a result, it sought to limit its future exposure to diesel price risk. We collaborated with this retailer to create a lane assignment optimizer (LAO) that incorporates diesel price risk when selecting carriers for its transportation lanes. The LAO tool has significantly improved the retailer's capability to evalua… Show more

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Cited by 2 publications
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“…Further, Abshire and Premeaux (1991), Bardi et al (1989), and Murphy et al (1997) consider how shippers and carriers perceive the importance of different carrier performance metrics in the carrier assignment problem. Finally, Turner et al (2012) demonstrate that shippers should incorporate diesel price uncertainty, through fuel surcharges, into the carrier assignment decision, specifically when working with 3PL providers.…”
Section: Summary Of the Existing Literaturementioning
confidence: 99%
“…Further, Abshire and Premeaux (1991), Bardi et al (1989), and Murphy et al (1997) consider how shippers and carriers perceive the importance of different carrier performance metrics in the carrier assignment problem. Finally, Turner et al (2012) demonstrate that shippers should incorporate diesel price uncertainty, through fuel surcharges, into the carrier assignment decision, specifically when working with 3PL providers.…”
Section: Summary Of the Existing Literaturementioning
confidence: 99%