Latency-Aware Bid Acceptance under Operational Feasibility: A Public Benchmark with Hindsight Ceilings
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Abstract (arXiv)
Online truckload bid acceptance is a closed-loop stochastic decision problem in which a carrier or broker must, in real time, accept or reject a tendered load subject to operational feasibility, fleet repositioning costs, and opportunity cost against future demand. Public, reproducible benchmarks for this problem are scarce: existing routing benchmarks are static, while dynamic-fleet studies typically rely on private operator data. We introduce FreightBidBench, a public-calibrated, dependency-free, closed-loop benchmark in which feasibility (pickup reach, appointment windows, simplified hours-of-service, stochastic yard delays) and economics (service-failure penalty, terminal fleet value, daily price-premium window) are explicit, versioned, and reproducible from public Freight Analysis Framework and U.S. Department of Agriculture truck rate data. We develop two full-horizon hindsight ceilings: a simple LP style relaxation and a tighter Lagrangian-per-truck information relaxation that retains per-truck hours-of-service and sequencing structure and is 20.7% tighter than the LP relaxation on a tight-capacity scenario and 39.3% tighter on a scarce-capacity scenario. We introduce a parametric surrogate-rollout cascade with boundary-band and scarcity-pressure escalation triggers. On ten-seed tight and scarce scenarios, the best simple policy retains 91.0% and 86.5% of rollout profit and the standard-library surrogate 94.2% and 89.3%; a cascade at a single escalation band recovers roughly 98% on both at 40-56% of rollout's mean decision latency, and on the tight scenario is statistically indistinguishable from the rollout teacher (paired-bootstrap 95% CI on the profit delta spans zero).
Key facts. Cited by 1 paper in the map (data through 14 Oct 2026). Builds on 4 of its 31 references that are in the map. First posted on arXiv 8 Jul 2026.
Builds on
4 of 31 references.
References · 4
- 2018Attention, Learn to Solve Routing Problems!cited by 656
- 2018Reinforcement Learning for Solving the Vehicle Routing Problemcited by 333
- 2022Neur2SP: Neural Two-Stage Stochastic Programmingcited by 17
- 2025SVRPBench: A Realistic Benchmark for Stochastic Vehicle Routing Problemcited by 2
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Citing papers per year: 2026: 1.
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