New Study Findings from Yanshan University Illuminate Research in Sustainability Research (A Two-Stage Auction Mechanism for 3PL Supplier Selection under Risk Aversion)

摘要

2021 SEP 29 (NewsRx) - By a News Reporter-Staff News Editor at Disease Prevention Daily- New study results on sustainability research have been published. According to news originating from Qinhuangdao, People's Republic of China, by NewsRx correspondents, research stated, "The third party logistics (3PL) suppliers selection is a key issue in sustainable operation of fourth party logistics (4PL). A two-stage auction mechanism is designed for the selection of 3PL suppliers." Financial supporters for this research include Key Technologies Research and Development Program of China. Our news editors obtained a quote from the research from Yanshan University: "Different from previous studies, the paper considers risk preference of 4PL integrators during the auction and uses the prospect theory to establish the auction scoring function of 4PL integrators.