nep-tre New Economics Papers
on Transport Economics
Issue of 2012‒02‒15
one paper chosen by
Erik Teodoor Verhoef
VU University Amsterdam

  1. Efficient metaheuristics to solve the intermodal terminal location problem By Sörensen K.; Vanovermeire Ch.; Busschaert S.

  1. By: Sörensen K.; Vanovermeire Ch.; Busschaert S.
    Abstract: Determining the optimal number and location of intermodal transshipment terminals is a decision that strongly influences the viability of the intermodal transportation alternative. In this paper, we develop a model and an optimization method that provides policy makers with a tool to help them take these decisions. The objective of the terminal location problem described in this paper is to determine which of a set of potential terminal locations to use and which not and how to route the supply and demand of a set of customers (representing zones of supply and demand) through the network (by both uni- and intermodal transport) so as to minimize the total cost. We develop two different metaheuristic procedures that both consist of two phases: a solution construction phase and a solution improvement phase. The first metaheuristic constructs solutions using a GRASP procedure, the second one uses the relatively unknown attribute based hill climber (ABHC) heuristic. Innovative in our approach is the integration of a fast heuristic procedure to approximate the total cost given the set of open terminals. Both metaheuristics are compared to the results of an MIP solver. A thorough performance assessment uncovers that both metaheuristics generate close-to-optimal solutions in very short computing times. An argument in favor of the ABHC approach is that it is parameter-free and hence more transparent and likely to be accepted in a business or policy environment.
    Date: 2012–01
    URL: http://d.repec.org/n?u=RePEc:ant:wpaper:2012001&r=tre

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