The aim of this paper is to investigate conceptually how charter market default risk will vary with freight market conditions, charter duration, and the financial situation of the charterer. The primary contribution is the development of a mathematical framework and numerical methodology to...

In this study, we mathematically model and empirically investigate the operational performance of container-vessel schedules under three management policies: the non-collaborative policy, the slot-sharing policy, and the total-sharing (the total collaboration) policy. A hypothesized shipping...

In this research, we develop a stochastic-demand cargo container loading plan model with the objective of minimizing the total operating cost, subject to the related operating constraints. The model is formulated as a nonlinear mixed integer program that is characterized as NP-hard. We employ a...

This paper analyses entry deterrence and accommodation by low cost carriers (LCCs) with two games. In the first game two LCCs compete in a horizontal differentiation setting. Results show that the entrant may drive away the incumbent from its original location under certain conditions. In the...

This study integrates the airlines dynamic network yield management and demand driven dispatch. In this problem, the final fleet assignment is determined by the accepted bookings. The objective is to develop a policy for acceptance/rejection of booking requests to maximize the total expected...

This paper presents a global index for the evaluation of the level of service (LOS) of the operational components at an airport. This index is useful in evaluating the overall LOS on a single scale and according to user perceptions. It is assumed that the overall LOS is a function of the LOS of...

This paper investigates port traffic risk issues by discussing historic accidents in Hong Kong port. A total of 2012 marine accidents with 94 deaths were reported in Hong Kong waters in year 2001-2005, while 660,427 oceanic ships visited the port. A negative binomial regression model is used to...

Choice behaviour studies typically assume passive bounded rationality, suggesting that decision makers process all information given to them with equal attention. However, it is probable that decision makers invoke any number of attribute processing strategies (APSs) when weighing the...

We developed an efficient heuristic to solve a joint location-distribution-inventory model for a three layered supply chain. A firm must locate distribution centers to supply a commodity to spatially distributed retailers with stochastic demand. The solution approach is based on Lagrangian...