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Inbound container storage pricing schemes

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  • Mingzhu Yu
  • Kap Hwan Kim
  • Chung-Yee Lee

Abstract

In ocean transportation, contractual and operational relationships may be asynchronous. A case in point is the relationship between a customer requiring inbound container storage and a container terminal operator. The customer may store inbound containers in a container terminal and will pay the ocean carrier a specific storage fee, without establishing any contractual relationship with the terminal operator. After collecting the storage fee, the ocean carrier will then pay the container terminal operator for the storage of the inbound container. In this article, we study two-level inbound container storage pricing problems involving a container terminal operator and an ocean carrier in two different inbound container storage contract systems: the free-time contract system and the free-space contract system. In each contract system, we propose a two-stage pricing game model. We derive the optimal decisions for the container terminal operator and the ocean carrier. Analysis about the coordination of the two kinds of contract system is also provided. Numerical studies are conducted to compare the outcomes of the two systems for the ocean carrier and the container terminal. The results of computational experiments reveal that the free-space contract system is a preferable strategy for busy container terminals in terms of traffic control.

Suggested Citation

  • Mingzhu Yu & Kap Hwan Kim & Chung-Yee Lee, 2015. "Inbound container storage pricing schemes," IISE Transactions, Taylor & Francis Journals, vol. 47(8), pages 800-818, August.
    • Handle: RePEc:taf:uiiexx:v:47:y:2015:i:8:p:800-818
    DOI: 10.1080/0740817X.2014.999179
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    Citations

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    Cited by:

    1. Yu, Mingzhu & Fransoo, Jan C. & Lee, Chung-Yee, 2018. "Detention decisions for empty containers in the hinterland transportation system," Transportation Research Part B: Methodological, Elsevier, vol. 110(C), pages 188-208.
    2. Zhengyi Li, 2019. "Optimal Utilization of Ports’ Free-of-Charge Times in One Distribution Center and Multiple Ports Inventory Systems," Complexity, Hindawi, vol. 2019, pages 1-12, February.
    3. Kap Hwan Kim & Youn Ju Woo & Jae Gwan Kim, 2021. "Space reservation and remarshalling operations for outbound containers in marine terminals," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(1), pages 154-178, March.
    4. Jeong, Yoonjea & Saha, Subrata & Moon, Ilkyeong, 2020. "Optimal devanning time and detention charges for container supply chains," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 143(C).
    5. Katrien Storms & Christa Sys & Thierry Vanelslander & Ruben Deuren, 2023. "Demurrage and detention: from operational challenges towards solutions," Journal of Shipping and Trade, Springer, vol. 8(1), pages 1-31, December.
    6. Youn Ju Woo & Jang-Ho Song & Kap Hwan Kim, 2016. "Pricing storage of outbound containers in container terminals," Flexible Services and Manufacturing Journal, Springer, vol. 28(4), pages 644-668, December.
    7. Qiu, Xuan & Lee, Chung-Yee, 2019. "Quantity discount pricing for rail transport in a dry port system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 563-580.
    8. Kap Hwan Kim & Youn Ju Woo & Jae Gwan Kim, 0. "Space reservation and remarshalling operations for outbound containers in marine terminals," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 0, pages 1-25.

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