Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1024179 | Transportation Research Part E: Logistics and Transportation Review | 2006 | 21 Pages |
Abstract
In this study, we analyze the container mega-ship viability by considering competitive circumstances. We adopt a non-zero sum two-person game with two specific strategies based on different service network configurations for different ship sizes: hub-and-spoke for mega-ship and multi-port calling for conventional ship size. A shipping characteristic for each route is approximately optimized to set up pay-off (or profit) matrixes for both players. Throughout model applications for Asia–Europe and Asia–North America trades, the mega-ship is competitive in all scenarios for Asia–Europe, while it is viable for Asia–North America only when the freight rate and feeder costs are low.
Related Topics
Social Sciences and Humanities
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Business and International Management
Authors
Akio Imai, Etsuko Nishimura, Stratos Papadimitriou, Miaojia Liu,