IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v29y1995i3p173-186.html
   My bibliography  Save this article

A linear-programming-based price negotiation procedure for contracting shipping companies

Author

Listed:
  • Wan, Ke
  • Levary, Reuven R.

Abstract

A procedure for a shipper contracting with ocean container shipping companies is described. The procedure incorporates the solution to a linear programming transportation model with results from sensitivity analysis. The procedure described enables shippers to evaluate all possible means of obtaining the lowest adjusted price for a given shipping route in a short period of time. Snippers that spend a minimum amount of time on price negotiation are generally able to accept or reject a pending offer prior to expiration of a shipping company's imposed time limit. A case study illustrates the negotiation procedure.

Suggested Citation

  • Wan, Ke & Levary, Reuven R., 1995. "A linear-programming-based price negotiation procedure for contracting shipping companies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(3), pages 173-186, May.
    • Handle: RePEc:eee:transa:v:29:y:1995:i:3:p:173-186
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0965-8564(94)00018-6
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tao Lu & Jan C. Fransoo & Chung-Yee Lee, 2017. "Carrier Portfolio Management for Shipping Seasonal Products," Operations Research, INFORMS, vol. 65(5), pages 1250-1266, October.
    2. Mingzhu Yu & Ruina Yang & Zelong Yi & Xuwen Cong, 2020. "Contracting in Ocean Shipping Market Under Asymmetric Information," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 37(02), pages 1-24, March.
    3. Yang, Ruina & Yu, Mingzhu & Lee, Chung-Yee & Du, Yuquan, 2021. "Contracting in ocean transportation with empty container repositioning under asymmetric information," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
    4. Ruina Yang & Chung-Yee Lee & Qian Liu & Song Zheng, 2019. "A carrier–shipper contract under asymmetric information in the ocean transport industry," Annals of Operations Research, Springer, vol. 273(1), pages 377-408, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:29:y:1995:i:3:p:173-186. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.