Study on Cost Estimation of the External Fleet Full Truckload Contracts

Jan Kaniuka, Jakub Ostrysz, Maciej Groszyk, Krzysztof Bieniek, Szymon Cyperski, Paweł Domański, Paweł Domański

2023

Abstract

Goods shipping supports the operation and the development of the global economy. As there are thousands of logistics companies, there exists a big need for solutions for their daily operation. The shipment can be carried out in many ways. This work focuses on the road transportation in form of the Full Truck Load (FTL). Once the service is supported by the third party, there is a need to have a tool that compares various offers and allows to estimate the cost. Generally, FTLs are used in the long range routes and the estimation of such contracts can be handled in many ways starting from the simple calculators up to data based machine learning solutions. Nonetheless, the need for the cost estimation appears for the short routes, which often support long range ones. Their pricing rules differs from the long range ones and the required approaches should differ as well. This work presents the wide comparison of 35 regression and machine learning approaches applied to the task. The assessment is performed using real contract data of several companies operating in Europe.

Paper Citation

in Harvard Style

Kaniuka J., Ostrysz J., Groszyk M., Bieniek K., Cyperski S. and Domański P. (2023). Study on Cost Estimation of the External Fleet Full Truckload Contracts. In Proceedings of the 20th International Conference on Informatics in Control, Automation and Robotics - Volume 2: ICINCO; ISBN 978-989-758-670-5, SciTePress, pages 316-323. DOI: 10.5220/0012251000003543

in Bibtex Style

@conference{icinco23,
author={Jan Kaniuka and Jakub Ostrysz and Maciej Groszyk and Krzysztof Bieniek and Szymon Cyperski and Paweł Domański},
title={Study on Cost Estimation of the External Fleet Full Truckload Contracts},
booktitle={Proceedings of the 20th International Conference on Informatics in Control, Automation and Robotics - Volume 2: ICINCO},
year={2023},
pages={316-323},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012251000003543},
isbn={978-989-758-670-5},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th International Conference on Informatics in Control, Automation and Robotics - Volume 2: ICINCO
TI - Study on Cost Estimation of the External Fleet Full Truckload Contracts
SN - 978-989-758-670-5
AU - Kaniuka J.
AU - Ostrysz J.
AU - Groszyk M.
AU - Bieniek K.
AU - Cyperski S.
AU - Domański P.
PY - 2023
SP - 316
EP - 323
DO - 10.5220/0012251000003543
PB - SciTePress