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The Economics of Total Trans-ocean Supply Chain Management

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  • Ernst G Frankel

Abstract

Developments in transport, communications, and information technology now permit dramatic improvements in intercontinental transport time, cost, and quality of service. At the same time, shippers and consignees require reduction or elimination of inventories at all steps of the supply chain to improve their ability to effectively respond to changing economic and market conditions. A major challenge is the reduction of uncertainty and risks in total trans-ocean supply chains to permit more effective control of time, cost, and quality of service. Emphasis must, therefore, be placed on reducing deviations in time and cost of the different links in the chain. The use of conditional stochastic simulation to model, design, and control complex trans-ocean supply chains is described and advocated. It is shown that reducing link uncertainties can achieve large improvements in trans-ocean supply chain costs and profitability, and increase the market in an increasingly globalized world.International Journal of Maritime Economics (1999) 1, 61–69; doi:10.1057/ijme.1999.5

Suggested Citation

  • Ernst G Frankel, 1999. "The Economics of Total Trans-ocean Supply Chain Management," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 1(1), pages 61-69, September.
    • Handle: RePEc:pal:marecl:v:1:y:1999:i:1:p:61-69
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    Cited by:

    1. Kapshe Sanjeevan & Dixit K L & Verma, Sanjay & Raghuram, G., 2004. "Strategies for Improving Indian Railways’ Market Share of Port Based Coal Traffic: A Diagnostic Study," IIMA Working Papers WP2004-08-04, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Lam, Jasmine Siu Lee, 2011. "Patterns of maritime supply chains: slot capacity analysis," Journal of Transport Geography, Elsevier, vol. 19(2), pages 366-374.
    3. Oluyomi A. Osobajo & Ioannis Koliousis & Heather McLaughlin, 2021. "Making sense of maritime supply chain: a relationship marketing approach," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-17, December.

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