IDEAS home Printed from https://ideas.repec.org/a/inm/ortrsc/v49y2015i3p675-685.html
   My bibliography  Save this article

The Value of Information in Container Transport

Author

Listed:
  • Rob A. Zuidwijk

    (Rotterdam School of Management, Erasmus University, 3000 DR Rotterdam, Netherlands; and Civil Engineering and Geosciences, Delft University of Technology, 2600 GA Delft, Netherlands)

  • Albert W. Veenstra

    (Industrial Engineering and Innovation Sciences, Eindhoven University of Technology, 5600 MB Eindhoven, Netherlands)

Abstract

Planning the transport of maritime containers from the seaport to final inland destinations is challenged by uncertainties regarding the time the container is released for further transport and the transit time from the port to its final destination. This paper assesses the value of information in container transport in terms of efficiency and reliability. The analysis uses a stylized single period model where a decision maker allocates released containers to two transport modes (slow, low price, no flexible departure times versus fast, high price, flexible departure times) and plans the departure time of the inflexible mode. We construct Pareto frontiers and the corresponding Pareto optimal decisions under various information scenarios and show that the Pareto frontiers move in a favorable direction when the level of information increases. The mathematical results are explained and illustrated by means of a numerical example involving barge transport. We also perform a sensitivity analysis and study the impact of erroneous information on efficiency and reliability based on a numerical analysis.

Suggested Citation

  • Rob A. Zuidwijk & Albert W. Veenstra, 2015. "The Value of Information in Container Transport," Transportation Science, INFORMS, vol. 49(3), pages 675-685, August.
    • Handle: RePEc:inm:ortrsc:v:49:y:2015:i:3:p:675-685
    DOI: 10.1287/trsc.2014.0518
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/trsc.2014.0518
    Download Restriction: no
    File URL: https://libkey.io/10.1287/trsc.2014.0518?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Donald P. Gaver, 1968. "Headstart Strategies for Combating Congestion," Transportation Science, INFORMS, vol. 2(2), pages 172-181, May.
    2. Pourakbar, Morteza & Sleptchenko, Andrei & Dekker, Rommert, 2009. "The floating stock policy in fast moving consumer goods supply chains," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 45(1), pages 39-49, January.
    3. Hau L. Lee & Kut C. So & Christopher S. Tang, 2000. "The Value of Information Sharing in a Two-Level Supply Chain," Management Science, INFORMS, vol. 46(5), pages 626-643, May.
    4. Patrick Jaillet & Michael R. Wagner, 2006. "Online Routing Problems: Value of Advanced Information as Improved Competitive Ratios," Transportation Science, INFORMS, vol. 40(2), pages 200-210, May.
    5. Tjokroamidjojo, Darsono & Kutanoglu, Erhan & Taylor, G. Don, 2006. "Quantifying the value of advance load information in truckload trucking," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 42(4), pages 340-357, July.
    6. Arnt-Gunnar Lium & Teodor Gabriel Crainic & Stein W. Wallace, 2009. "A Study of Demand Stochasticity in Service Network Design," Transportation Science, INFORMS, vol. 43(2), pages 144-157, May.
    7. Groothedde, Bas & Ruijgrok, Cees & Tavasszy, Lóri, 2005. "Towards collaborative, intermodal hub networks: A case study in the fast moving consumer goods market," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 41(6), pages 567-583, November.
    8. Roso, Violeta & Woxenius, Johan & Lumsden, Kenth, 2009. "The dry port concept: connecting container seaports with the hinterland," Journal of Transport Geography, Elsevier, vol. 17(5), pages 338-345.
    9. Srour, F.J. & Zuidwijk, R.A., 2008. "How Much is Location Information Worth? A Competitive Analysis of the Online Traveling Salesman Problem with Two Disclosure Dates," ERIM Report Series Research in Management ERS-2008-075-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    10. Tyan, Jonah C. & Wang, Fu-Kwun & Du, Timon C., 2003. "An evaluation of freight consolidation policies in global third party logistics," Omega, Elsevier, vol. 31(1), pages 55-62, February.
    11. Giannopoulos, G. A., 2004. "The application of information and communication technologies in transport," European Journal of Operational Research, Elsevier, vol. 152(2), pages 302-320, January.
    12. Nadereh Moini & Maria Boile & Sotiris Theofanis & William Laventhal, 2012. "Estimating the determinant factors of container dwell times at seaports," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 14(2), pages 162-177, June.
    13. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Bernard G. Zweers & Sandjai Bhulai & Rob D. van der Mei, 2019. "Optimizing barge utilization in hinterland container transportation," Naval Research Logistics (NRL), John Wiley & Sons, vol. 66(3), pages 253-271, April.
    2. Pérez Rivera, Arturo E. & Mes, Martijn R.K., 2017. "Anticipatory freight selection in intermodal long-haul round-trips," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 105(C), pages 176-194.
    3. Bernard G. Zweers & Sandjai Bhulai & Rob D. Mei, 2021. "Planning hinterland container transportation in congested deep-sea terminals," Flexible Services and Manufacturing Journal, Springer, vol. 33(3), pages 583-622, September.
    4. Gaukler, Gary M. & Zuidwijk, Rob A. & Ketzenberg, Michael E., 2023. "The value of time and temperature history information for the distribution of perishables," European Journal of Operational Research, Elsevier, vol. 310(2), pages 627-639.
    5. Gharehgozli, Amir & Zaerpour, Nima, 2018. "Stacking outbound barge containers in an automated deep-sea terminal," European Journal of Operational Research, Elsevier, vol. 267(3), pages 977-995.
    6. Fan Bu & Heather Nachtmann, 2023. "Literature review and comparative analysis of inland waterways transport: “Container on Barge”," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(1), pages 140-173, March.
    7. Franzkeit, Janna & Schwientek, Anne Kathrina & Jahn, Carlos, 2020. "Stowage planning for inland container vessels: A literature review," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Jahn, Carlos & Kersten, Wolfgang & Ringle, Christian M. (ed.), Data Science in Maritime and City Logistics: Data-driven Solutions for Logistics and Sustainability. Proceedings of the Hamburg International Conferen, volume 30, pages 247-280, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    8. Amir Gharehgozli & Nima Zaerpour & Rene Koster, 2020. "Container terminal layout design: transition and future," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(4), pages 610-639, December.
    9. Feng, Yuanjun & Song, Dong-Ping & Li, Dong & Xie, Ying, 2022. "Service fairness and value of customer information for the stochastic container relocation problem under flexible service policy," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 167(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zuidwijk, R.A. & Veenstra, A.W., 2010. "The Value of Information in Container Transport: Leveraging the Triple Bottom Line," ERIM Report Series Research in Management ERS-2010-039-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    2. Zhang, Hongtao & Lee, Chung-Yee & Li, Tian, 2016. "The value of specific cargo information for substitutable modes of inland transport," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 85(C), pages 23-39.
    3. James F. Campbell & Morton E. O'Kelly, 2012. "Twenty-Five Years of Hub Location Research," Transportation Science, INFORMS, vol. 46(2), pages 153-169, May.
    4. Monios, Jason & Wilmsmeier, Gordon, 2013. "The role of intermodal transport in port regionalisation," Transport Policy, Elsevier, vol. 30(C), pages 161-172.
    5. Alumur, Sibel A. & Kara, Bahar Y. & Karasan, Oya E., 2012. "Multimodal hub location and hub network design," Omega, Elsevier, vol. 40(6), pages 927-939.
    6. van Riessen, B. & Negenborn, R.R. & Dekker, R. & Lodewijks, G., 2013. "Impact and relevance of transit disturbances on planning in intermodal container networks," Econometric Institute Research Papers EI 2013-18, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    7. Zolfagharinia, Hossein & Haughton, Michael A., 2017. "Operational flexibility in the truckload trucking industry," Transportation Research Part B: Methodological, Elsevier, vol. 104(C), pages 437-460.
    8. Gharehgozli, A.H. & Roy, D. & de Koster, M.B.M., 2014. "Sea Container Terminals," ERIM Report Series Research in Management ERS-2014-009-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    9. Pan, Shenle & Ballot, Eric & Fontane, Frédéric, 2013. "The reduction of greenhouse gas emissions from freight transport by pooling supply chains," International Journal of Production Economics, Elsevier, vol. 143(1), pages 86-94.
    10. Gunasekaran, Angappa & Ngai, Eric W.T., 2009. "Modeling and analysis of build-to-order supply chains," European Journal of Operational Research, Elsevier, vol. 195(2), pages 319-334, June.
    11. Srour, F.J. & Agatz, N.A.H. & Oppen, J., 2014. "Strategies for Handling Temporal Uncertainty in Pickup and Delivery Problems with Time Windows," ERIM Report Series Research in Management ERS-2014-015-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    12. Florian Dandl & Michael Hyland & Klaus Bogenberger & Hani S. Mahmassani, 2019. "Evaluating the impact of spatio-temporal demand forecast aggregation on the operational performance of shared autonomous mobility fleets," Transportation, Springer, vol. 46(6), pages 1975-1996, December.
    13. Scott, Alex, 2015. "The value of information sharing for truckload shippers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 81(C), pages 203-214.
    14. Erin Baker, 2006. "Increasing Risk and Increasing Informativeness: Equivalence Theorems," Operations Research, INFORMS, vol. 54(1), pages 26-36, February.
    15. F. Jordan Srour & Niels Agatz & Johan Oppen, 2018. "Strategies for Handling Temporal Uncertainty in Pickup and Delivery Problems with Time Windows," Transportation Science, INFORMS, vol. 52(1), pages 3-19, January.
    16. van Riessen, B. & Negenborn, R.R. & Dekker, R. & Lodewijks, G., 2013. "Service network design for an intermodal container network with flexible due dates/times and the possibility of using subcontracted transport," Econometric Institute Research Papers EI2013-17, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    17. Beaud, Mickael & Blayac, Thierry & Stéphan, Maïté, 2016. "The impact of travel time variability and travelers’ risk attitudes on the values of time and reliability," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 207-224.
    18. Berbeglia, Gerardo & Cordeau, Jean-François & Laporte, Gilbert, 2010. "Dynamic pickup and delivery problems," European Journal of Operational Research, Elsevier, vol. 202(1), pages 8-15, April.
    19. Zolfagharinia, Hossein & Haughton, Michael, 2014. "The benefit of advance load information for truckload carriers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 34-54.
    20. Josip Božičević & Ivica Lovrić & Dajana Bartulović & Sanja Steiner & Violeta Roso & Jasmina Pašagić Škrinjar, 2021. "Determining Optimal Dry Port Location for Seaport Rijeka Using AHP Decision-Making Methodology," Sustainability, MDPI, vol. 13(11), pages 1-21, June.

    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:inm:ortrsc:v:49:y:2015:i:3:p:675-685. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    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.