Estimation of the perceived value of transit time for shipping lines
Journal article
Wang, Shuaian, Qu, Xiaobo and Yang, Ying. (2015). Estimation of the perceived value of transit time for shipping lines. Transportation Research Part A: Policy and Practice. 78, pp. 298 - 308. https://doi.org/10.1016/j.tra.2015.04.014
Authors | Wang, Shuaian, Qu, Xiaobo and Yang, Ying |
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Abstract | This paper proposes a novel method for estimating the perceived value of transit time of containers by shipping lines. The key idea is that a shipping line’s published schedule is the optimal decision that minimizes the sum of fuel cost and time-associated costs of the containers adopted by the shipping line. Using the proposed method, we find that the adopted values of transit time for nine trans-Pacific services operated by Orient Overseas Container Line and five trans-Pacific services operated by Maersk Line are between US$5/TEU/day and US$30/TEU/day. We further demonstrate how the adopted value can be used for designing the optimal transit times between ports, analyzing the viability of slow-steaming, checking whether ships should speed up to catch up to connecting ships on other services, and helping to predict the market share of less polluting fuels in view of rules on air emission |
Keywords | maritime container transportation; value of transit time; bunker fuel; liner shipping companies |
Year | 2015 |
Journal | Transportation Research Part A: Policy and Practice |
Journal citation | 78, pp. 298 - 308 |
Publisher | Pergamon Press |
ISSN | 0191-2607 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.tra.2015.04.014 |
Scopus EID | 2-s2.0-84931271699 |
Page range | 298 - 308 |
Publisher's version | File Access Level Controlled |
Place of publication | United Kingdom |
https://acuresearchbank.acu.edu.au/item/86333/estimation-of-the-perceived-value-of-transit-time-for-shipping-lines
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