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Optimal price schedules for storage of inbound containers

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  • Kim, Kap Hwan
  • Kim, Ki Young

Abstract

This paper discusses a method of determining the optimal price schedule for storing inbound containers in a container yard. The price schedule in this study is characterized by the free-time-limit during which a container can be stored without any charge, and by the storage price per unit time for the storage beyond the free-time-limit. The profit or cost models for optimal price schedule are developed from the viewpoint of a public terminal operator as well as a private terminal operator. The probability distribution of delivery times is expressed by a continuous probability function. Various characteristics of the optimal solution are analyzed by numerical experiments.

Suggested Citation

  • Kim, Kap Hwan & Kim, Ki Young, 2007. "Optimal price schedules for storage of inbound containers," Transportation Research Part B: Methodological, Elsevier, vol. 41(8), pages 892-905, October.
  • Handle: RePEc:eee:transb:v:41:y:2007:i:8:p:892-905
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    References listed on IDEAS

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    1. José Holguín-Veras & Sergio Jara-Díaz, 2006. "Preliminary Insights into Optimal Pricing and Space Allocation at Intermodal Terminals with Elastic Arrivals and Capacity Constraint," Networks and Spatial Economics, Springer, vol. 6(1), pages 25-38, March.
    2. De Castilho, Bernardo & Daganzo, Carlos F., 1993. "Handling Strategies for Import Containers at Marine Terminals," University of California Transportation Center, Working Papers qt5gr4622f, University of California Transportation Center.
    3. De Castilho, Bernardo & Daganzo, Carlos F., 1991. "Optimal Pricing Policies for Temporary Storage at Ports," University of California Transportation Center, Working Papers qt1m52h34w, University of California Transportation Center.
    4. Taleb-Ibrahimi, Mounira & de Castilho, Bernardo & Daganzo, Carlos F., 1993. "Storage space vs handling work in container terminals," Transportation Research Part B: Methodological, Elsevier, vol. 27(1), pages 13-32, February.
    5. de Castillo, Bernardo & Daganzo, Carlos F., 1993. "Handling strategies for import containers at marine terminals," Transportation Research Part B: Methodological, Elsevier, vol. 27(2), pages 151-166, April.
    6. Kim, Kap Hwan & Kim, Hong Bae, 2002. "The optimal sizing of the storage space and handling facilities for import containers," Transportation Research Part B: Methodological, Elsevier, vol. 36(9), pages 821-835, November.
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    Cited by:

    1. 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.
    2. Chen, Lu & Lu, Zhiqiang, 2012. "The storage location assignment problem for outbound containers in a maritime terminal," International Journal of Production Economics, Elsevier, vol. 135(1), pages 73-80.
    3. 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.
    4. 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.
    5. Yang, Rui-feng & Hu, Rong & Xiao, Yi-bin & Deng, Xia & Wang, Kun, 2022. "Seaport's investment under disaster information asymmetry between public and private operators," Transport Policy, Elsevier, vol. 119(C), pages 89-112.
    6. Xuan Qiu & Jasmine Siu Lee Lam, 2018. "The Value of Sharing Inland Transportation Services in a Dry Port System," Transportation Science, INFORMS, vol. 52(4), pages 835-849, August.
    7. Zhai, Yue & Zhong, Ray Y. & Huang, George Q., 2018. "Buffer space hedging and coordination in prefabricated construction supply chain management," International Journal of Production Economics, Elsevier, vol. 200(C), pages 192-206.
    8. Yu, Mingzhu & Qi, Xiangtong, 2013. "Storage space allocation models for inbound containers in an automatic container terminal," European Journal of Operational Research, Elsevier, vol. 226(1), pages 32-45.
    9. 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.
    10. 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.
    11. Jingyao Song & Xin Tang & Chuanxu Wang & Changyan Xu & Junyi Wei, 2022. "Optimization of Multi-Port Empty Container Repositioning under Uncertain Environments," Sustainability, MDPI, vol. 14(20), pages 1-16, October.
    12. Qiu, Xuan & Lam, Jasmine Siu Lee & Huang, George Q., 2015. "A bilevel storage pricing model for outbound containers in a dry port system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 73(C), pages 65-83.

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