• Title/Summary/Keyword: Slot chartering

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Sensitivity analysis for freight rate change in liner shipping industry - Comparison between slot chartering model and non-collaborating model - (정기선 해운사의 해상운송 요율 변화에 대한 민감도 분석 - 단독 운송과 제휴 운송 비교 -)

  • Chung, Ki-Ho
    • Management & Information Systems Review
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    • v.34 no.4
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    • pp.1-13
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    • 2015
  • This paper presents a mathematical formulation for container slot chartering model through strategic alliance between liner shipping companies. This paper develops a solution procedure to apply the model to real world problems and its applicability is demonstrated by a numerical example. The model presented in this paper has some important features which have never been considered in the previous researches. The model is linear model and pursuits profit maximization. And also it considers slot chartering capacity selection. This paper attempts to perform sensitivity analysis and compares slot chartering model with basic non-collaborating model in which there is no alliance and collaboration. As a result of sensitivity analysis, some interesting findings are obtained; Even though freight rate is more and more decreasing, the profit by slot chartering model is always higher than the basic model but the profit gaps become smaller. But The ratio of the profit gap to the profit of basic model is more increasing.

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Mathematical Model for Liner Shipping Alliance Problem (컨테이너 정기선 선사의 전략적 제휴를 위한 수리적 모형 연구)

  • Chung, Ki-ho
    • Management & Information Systems Review
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    • v.33 no.5
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    • pp.85-95
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    • 2014
  • This paper suggested an efficient mathematical model for strategic alliance of liner shipping companies. Even though a few previous research papers proposed the mathematical models for container slot chartering and allocation under liner shipping, those models were nonlinear and very difficult to solve. So their models had limits to apply them to real world problems. On the other hand, the model suggested in this paper is easy to solve and apply to real world problems because it is a integer linear programming model. This paper tried to apply the model to the same example problem as used in existing research paper. Excel add-in program, Premium Solver Platform was used to solve the problem and the optimal allocation and slot chartering for containers were able to be found easily. The result also showed that the total container shipping cost for applying the strategic alliance model was reduced compared to non-strategic alliance model.

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