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A game-theoretical approach for modeling competitions in a maritime supply chain

Author

Listed:
  • Liying Song
  • Dong Yang
  • Anthony Theng Heng Chin
  • Guangzhi Zhang
  • Zhengbing He
  • Wei Guan
  • Baohua Mao

Abstract

To accommodate the structural changes in logistics, competitions along a maritime supply chain are more intensive than before. This paper adopts a two-stage noncooperative game-theoretical approach to model the horizontal and vertical interactions among liners and ports. In the first stage, Bertrand game is applied to model the interactions between two liners. When the shipping line decides which port to call, a multinomial Logit model is applied. In the second stage, Bertrand game is applied to model the competitions between two ports. Nash equilibrium is derived by solving the Bertrand games. A numerical example is provided as a case study.

Suggested Citation

  • Liying Song & Dong Yang & Anthony Theng Heng Chin & Guangzhi Zhang & Zhengbing He & Wei Guan & Baohua Mao, 2016. "A game-theoretical approach for modeling competitions in a maritime supply chain," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(8), pages 976-991, November.
    • Handle: RePEc:taf:marpmg:v:43:y:2016:i:8:p:976-991
    DOI: 10.1080/03088839.2016.1231427
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    References listed on IDEAS

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    1. Anming Zhang, 2008. "The Impact of Hinterland Access Conditions on Rivalry between Ports," OECD/ITF Joint Transport Research Centre Discussion Papers 2008/8, OECD Publishing.
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    Cited by:

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    2. Asadabadi, Ali & Miller-Hooks, Elise, 2020. "Maritime port network resiliency and reliability through co-opetition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 137(C).
    3. Zhao, Ruijia & Song, Yunting & Wang, Haoze & Xie, Xinlian, 2022. "Bi-objective optimisation model and its exact solution method of profit and market share of novel repair-and-support ships based on game theory," Omega, Elsevier, vol. 113(C).
    4. Asadabadi, Ali & Miller-Hooks, Elise, 2018. "Co-opetition in enhancing global port network resiliency: A multi-leader, common-follower game theoretic approach," Transportation Research Part B: Methodological, Elsevier, vol. 108(C), pages 281-298.
    5. DongJoon Lee & Seonyoung Lim & Kangsik Choi, 2017. "Port privatization under Cournot vs. Bertrand competition: a third-market approach," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(6), pages 761-778, August.
    6. Wang, Junjin & Liu, Jiaguo & Wang, Fan & Yue, Xiaohang, 2021. "Blockchain technology for port logistics capability: Exclusive or sharing," Transportation Research Part B: Methodological, Elsevier, vol. 149(C), pages 347-392.
    7. 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.
    8. Zhao, Ruijia & Xie, Xinlian & Li, Xinyang & Li, Guodong, 2020. "Game-theoretical models of competition analysis and pricing strategy for two modes for repairing damaged marine structures at sea," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 142(C).

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