Published in: 14th International Industrial Engineering Conference
COI code: IIEC14_055
Paper Language: English
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Authors A Revenue Management Model for Liner Shipping Based on Network FlowsElaheh Mehrzadegan - Ph.D. Student, Department of management University of Isfahan, Isfahan, Iran
Mahsa Ghandehari - Department of management University of Isfahan, Isfahan, Iran
Saeide Ketabi - Department of management University of Isfahan, Isfahan, Iran
Abstract:Container shipping is the backbone of marine transportations through the world. The majority of liner shipping companies, are nowadays using the well-experienced classic strategy, known as First Come First Serve, or FCFS as we will refer to from now on. However, this time-honored tradition, is not the best method when it comes to maximizing the revenue of carriage profession. This paper aims to take a close look at the slot allocation programs of liner shipping companies, and find an optimized way of maximizingthe overall income in a closed-cycle voyage, considering the costs and availability of empty containers, since due to the unbalanced nature of trading flow, they are not always available when required. The innovative idea of this model, is taking the balancing limitations of empty container accumulation into the account to satisfy the customer demands on each port.
Keywords:Network Revenue Management; Liner Shipping; container inventory; Booking Limit; Slot allocation
COI code: IIEC14_055
how to cite to this paper:If you want to refer to this article in your research, you can easily use the following in the resources and references section:
Mehrzadegan, Elaheh; Mahsa Ghandehari & Saeide Ketabi, 2017, A Revenue Management Model for Liner Shipping Based on Network Flows, 14th International Industrial Engineering Conference, تهران, انجمن مهندسي صنايع ايران - دانشگاه علم و صنعت ايران, https://www.civilica.com/Paper-IIEC14-IIEC14_055.htmlInside the text, wherever referred to or an achievement of this article is mentioned, after mentioning the article, inside the parental, the following specifications are written.
First Time: (Mehrzadegan, Elaheh; Mahsa Ghandehari & Saeide Ketabi, 2017)
Second and more: (Mehrzadegan; Ghandehari & Ketabi, 2017)
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The University/Research Center Information:
Type: state university
Paper No.: 13242
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