• Title/Summary/Keyword: Freight value of time

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Value of Travel-Time Savings in Metropolitan Road Freight Transportation with Freight Classification Code (화물품목 분류에 따른 대도시권 공로화물운송의 시간가치 산정)

  • 최창호
    • Journal of Korean Society of Transportation
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    • v.20 no.7
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    • pp.167-175
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    • 2002
  • The objective of this study is to reveal a shipper's preference for road freight transport according to commodity classification code. The shipper's preference in freight transport can be obtained by using value of travel-time savings. The characteristics of freight are so various that the shipper's preference also appear widely different. In these days, there were few attempts to estimate value of freight travel-time savings in Korea. but most of them included only rail or marine freight transport so it couldn't obtain unique travel-time savings for road freight transport. In this study the value of travel-time savings of road freight transport was estimated according to commodity classification code. Revealed preference method and associated binominal logit models were applied to estimate the value of travel-time savings in transit from a Seoul metropolitan commodity flow survey data in 1998. Data sets were segmented by commodity classification code and nineteen binominal legit models were estimated according to segmented groups. The results of this study showed that the value of freight travel-time savings varied wide ranges from 16,441 won to 66,769 won per hour a vehicle along with commodity classification code.

The Value of Time in Intercity Freight Transportation (지역간 화물운송의 시간가치 추정)

  • 최창호;임강원
    • Journal of Korean Society of Transportation
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    • v.17 no.5
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    • pp.43-55
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    • 1999
  • The value of time in freight transportation describes the importance of goods during transport and shows the direction of efficient logistic management having inventory cost in transporting The value of time differs from class to class in freight transportation. It is due to the differences of shipper's willingness to Pay for time saving. In this research the value of time in intercity freight transportation of manufacturers in Korea was estimated as follows: first, the Perception factors which were the important criteria of shippers for choosing truck were sampled. second, the shippers were classified into three homogeneous classes. third, the value of time of each class was estimated by using multinominal logit model. The results of this research showed that the value of time in freight transportation was different from every class, that the shipper had to Pay 1,680 won for saving one hour Per each shipment, and that the inventory cost in transporting occupied 9.54% in the mean freight Price.

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Value of Freight Travel-Time Savings for Road Investment Evaluation (도로사업의 투자분석을 위한 화물운송시간가치 산정)

  • 최창호
    • Journal of Korean Society of Transportation
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    • v.20 no.3
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    • pp.41-52
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    • 2002
  • Most investment evaluations and economic assessments of road transport proposals in Korea omit a valuation of the time spent in transit for loads of freight. These days there were few attempts to estimate value of freight travel-time savings in Korea, but most of them included rail or marine with statewide area so that couldn't obtain unique travel-time savings for road freight transport. This study applied revealed Preference method and associated binominal logit models to estimate the value of travel-time savings in transit from an statewide survey of road freight transport in 1997. Data sets were segmented according to transport areas and business types. The results of this study showed that the value of freight travel-time savings varied wide ranges from 53,449 won per hour in urban transport to 29,397 won per hour in regional transport, that the use of statewide value of freight travel-time savings can drives wrong results into economic assessment, and that the use of adequate value of freight travel-time savings according to assessment area is very important.

Estimating Value of Time for Freight Transportation in Freight Items using Logit Model (로짓모형을 이용한 화물 품목별 화물운송 시간가치 산정 연구)

  • Ju, Ji-Won;Ha, Heon-Gu
    • Journal of Korean Society of Transportation
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    • v.27 no.5
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    • pp.163-168
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    • 2009
  • Travel time reduction is a benefit in economic analysis. Freight transportation time reduction benefits influence the logistics industry. The objectives of this paper are to estimate the Value of Time (VOT) for transportation time reduction with logit methodology. The data of Gyeonggi-do's domestic road freight transport in 2007 are used. VOT was estimated for five commodities. An average VOT of 19,946 won/vehicle-hr was calculated; transport of electronic parts had the highest VOT. This study will help provide direction for improving Korea's road infrastructure for freight.

study on the resistance of the transshipment of transport logistics according to the mode choice - focus of cement (물류수송의 환적저항에 따른 수단선택 행태 변화 - 양회 중심으로)

  • Lee, Won-Tae;Kim, Sung-Eun;Kim, Si-Gon;Chung, Sung-Bong
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.1615-1622
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    • 2010
  • Recently, there has been an increase in interest from the aspects of transshipment and connection between the means of transportation. Not only for passengers but also for freight transportation as the need for transportation efficiency is growing while the importance of logistic railway transportation is emerging. The domestic freight transportation is carried out by roads, railroads, ships, and port. However, as other means of transportation, except road, is impossible for Door to Door Service, multimodal transportation accompanied by road transportation is carried out. Here, even though 'transshipment' occurs, because of the lack of basic data regarding this, it is difficult to reflect it in the demand forecasting. With respect to the Korean freight O-D, it was very difficult to have equivalent comparison on the competitiveness and availability of transportation services between the point of departure and the final destination. Taking into account the study of implementation of logit model considering the time and cost of transshipment of multimodal transportation and the transshipment resistance value upon selecting means of freight transportation on multimodal transportation was comparatively insufficient. This study consisted of questionnaire targeting shippers, and based on this, transshipment resistance value was calculated by deriving utility function. By doing so, I intend to examine the effect 'transshipment' has on selecting the means of transportation occurring from freight transportation.

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The Effect of Road Investment on Logistics Cost in Manufacturing Industry -Investigation of the Investment Effects Using Stated Preference- (도로에 대한 투자가 제조업 물류비에 미치는 영향에 대한 연구 -SP 기법 활용-)

  • Chung, Il-Young
    • Journal of Korean Society of Transportation
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    • v.17 no.1
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    • pp.41-52
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    • 1999
  • Recently, much literature has surveyed the economic effects of transportation investment, focusing on the relationship between transportation infrastructure investment and economic development. Although the conventional views assume that transportation investment stimulates economic growth, the results of recent studies are not conclusive and in some cases reject the conventional views. The contradictory results are linked with double counting Problem and Keynesian/Neo-classical economics theory. This article investigates the economic effects of road transportation with regard to freight transport using Stated Preference technique. This study examines, in particular, the value of time saving for freight which has been rarely studied in this area. In the first part, the value of time saving, excluding the value for driver and operating cost, is theoretically investigated through the model of continuous review system and periodic review system. At last, the empirical study using the Seated Preference technique shows the value of time saving for freight and the value of reliability, compared with other studies and the value of those in COBA. The result makes us conclude that road investment produces the secondary effects as well as the direct benefit such as time saving for passengers, operating cost saving. and accident cost reduction. The secondary effect includes the contribution to economic development.

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Improvement of Telematics Technology Utilizing Logistics Information (물류정보를 활용한 텔레매틱스 기술 개선방안)

  • Byeon, Eui-Seok
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.2
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    • pp.38-44
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    • 2009
  • Recently, automobile industry expands from mechatronics area through intelligent information area, and the telematics technology is one of the greatest developing points. The telematics is utilizing the on-board-unit of vehicle's communication system, and it provides necessary information and value-added service to vehicles as well as drivers. Most of the telematics offers the solution of searching a route or generates an optimal path. This paper investigates telematics with the logistics point of view, such as freight location tracking, vehicle emergency information, etc. The telematics is a core technology of automobile industry, and it becomes new business paradigm of IP(information provider). Especially, ETA(estimated arrival time) of freight and distribution tracing information are critical issues in the logistics industry. The successful integration with telematics is introduced in the paper.

Evaluation Technology for Brake Performance of Tread Brake Shoe (답면 브레이크 슈의 제동성능 평가 기법)

  • Choi Kyung-Jin;Lee Hi-Sung
    • Tribology and Lubricants
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    • v.22 no.2
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    • pp.87-92
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    • 2006
  • In tread brake of freight cars, brake force is produced by the friction between the wheel and the brake shoe. Friction coefficients associated with the brake power, weight variation and brake shoe types should be sensitively treated as the design parameters. The conditions of the car, empty and loaded, should also be taken into consideration in brake force design and the control of brake force has some limitations in terms of the brake system design so that the brake friction materials selection should be considered as important measures to solve that difficulties. Friction characteristics of brake friction materials should remain within the range of maximum and minimum value and the friction performance should remain stable regardless of brake time and temperature. This study presented an experimental evaluation method to secure optimum brake performance by keeping safe brake effect and brake distance by the friction coefficient of the brake shoe of the freight cars.

A Study of Appropriate Amounts and Applicable Ranges of the Travel Time Values of Goods in Korea (우리나라 화물 시간가치의 적정 크기와 적용 가능 범위 연구)

  • Choi, Changho;Park, Dongjoo
    • Journal of the Korean Society for Railway
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    • v.16 no.5
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    • pp.418-429
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    • 2013
  • This study assesses the appropriate amounts and applicable ranges of travel time values for freight transport modes in Korea. The findings suggest that it is possible to determine appropriate sizes and applicable ranges of travel time values of goods set for road transport mode (i.e. truck), whereas those for railway, inland waterway, marine, and air transport modes are not as easily estimated. The adequate travel time value for trucks is 20,000won/vehicle hour, and the application range of travel time value of trucks is 17,000~23,000won/vehicle hour considering other variables. The most adequate estimation method of determining the travel time value for road transport is the wage rate method, whereas the marginal rate of substitution method is more rational for railway, inland waterway, marine, and air transport modes considering the application purpose and characteristics of the goods transported.

Analysis of Mode Choice Characteristics for Eurasian Freight Transportation (유라시아 화물운송수단선택 특성 분석)

  • Park, Minchoul;Seo, Jongwon
    • Journal of the Korean Society for Railway
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    • v.20 no.5
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    • pp.683-691
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    • 2017
  • It is important to compare the present condition of railway and marine freight transportation corridors to make good progress for freight transportation to the Eurasia region. This study is performed to investigate the current state of international corridors and to analyze mode choice characteristics between railway and marine transportation in the Eurasia region. SP (Stated Preference) data surveyed from international forwarders who are dealing with international freight shipment to the Eurasia area was used. The analysis results show that there is a competitive relationship between railway and marine transportation to Eurasia, and that the accessibility to each mode has an influence on freight mode choice. It is expected that this study will provide good insight to make effective use of various international corridors in the Eurasia region.