Abstract
We propose a new mechanism to design risk-pooling contracts between operators to improve service resilience during disruptions. We formulate a novel two-stage stochastic multicommodity flow model to determine the cost savings of a coalition under different disruption scenarios and solve it using L-shaped method along with sample average approximation. Computational tests are conducted for network instances with up to 1024 scenarios. The proposed model is applied to a regional multi-operator network in the Randstad area of the Netherlands, for four operators, 40 origin-destination pairs, and over 1400 links where disruption data is available. Using the proposed method, we identify stable cost allocations that could yield a 66% improvement in overall network performance over not having any risk-pooling contract in place. We illustrate the sensitivity of the HTM operator's bargaining power to different network structures and disruption scenarios.
Original language | English (US) |
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Article number | 2210229 |
Journal | Transportmetrica A: Transport Science |
Volume | 20 |
Issue number | 3 |
DOIs | |
State | Published - 2024 |
Keywords
- Horizontal cooperation
- L-shaped method
- insurance contracts
- multicommodity flow model
- network disruptions
- two stage-stochastic programming
ASJC Scopus subject areas
- Transportation
- General Engineering