One model of two-sided price coordination on the transport market

Abstract

A mathematical model of determining the tariff systems of information exchange between transport market participants is offered. The algorithm called “the method of minimal concessions” allows to determinate the tariff automatically. This article presents a comparison of simulated transportation tariffs and prices for real applications; it shows the adequacy of the proposed algorithm and the process of harmonization of prices between customers and transport carriers. Application of game theory allows to automate the process of concluding carriage contracts, and to improve significantly the efficiency of information exchange systems of the transport market participants.