Estimation of the perceived value of transit time for containerized cargoes

Wang, S; Qu, X; Yang, Y

Estimation of the perceived value of transit time for containerized cargoes

Wang, S Qu, X

Yang, Y

Permalink

Publication Type:: Journal Article
Citation:: Transportation Research Part A: Policy and Practice, 2015, 78 pp. 298 - 308
Issue Date:: 2015-08-01

Closed Access

	Filename	Description	Size
	1-s2.0-S0965856415001007-main.pdf	Published Version	783.02 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Wang, S	en_US
dc.contributor.author	Qu, X https://orcid.org/0000-0003-0973-3756	en_US
dc.contributor.author	Yang, Y	en_US
dc.date.issued	2015-08-01	en_US
dc.identifier.citation	Transportation Research Part A: Policy and Practice, 2015, 78 pp. 298 - 308	en_US
dc.identifier.issn	0965-8564	en_US
dc.identifier.uri	http://hdl.handle.net/10453/119162
dc.description.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.	en_US
dc.relation.ispartof	Transportation Research Part A: Policy and Practice	en_US
dc.relation.isbasedon	10.1016/j.tra.2015.04.014	en_US
dc.subject.classification	Logistics & Transportation	en_US
dc.title	Estimation of the perceived value of transit time for containerized cargoes	en_US
dc.type	Journal Article
utslib.citation.volume	78	en_US
utslib.for	1507 Transportation and Freight Services	en_US
utslib.for	1205 Urban and Regional Planning	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Civil and Environmental Engineering
pubs.organisational-group	/University of Technology Sydney/Strength - CBI - Centre for Built Infrastructure
pubs.organisational-group	/University of Technology Sydney/Strength - CRIN - Realtime Information Networks
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	78	en_US

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.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/119162