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Pricing storage of outbound containers in container terminals

Author

Listed:
  • Youn Ju Woo

    (Pusan National University)

  • Jang-Ho Song

    (Pusan Newport Co.)

  • Kap Hwan Kim

    (Pusan National University)

Abstract

In container yard of container terminals, a storage charge is imposed to encourage customers to limit the space required for their containers. This study addresses the storage price scheduling problem for the storage of outbound containers. The price schedule consists of the free-time limit, which is the maximum duration for a container to stay in the yard without any charge, and storage charge per day for storing a container past the free-time-limit. Empirical data suggests that the efficiency of loading operations significantly depends on the space utilized by a vessel’s outbound containers. Mathematical models are developed to determine the optimal storage price schedule in such a manner that the terminal’s total profit is maximized or the total system’s cost is minimized. Both single and multi-vessel cases are considered. Properties of the optimal solution are derived from the mathematical models and numerical experiments are conducted to validate solutions.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:flsman:v:28:y:2016:i:4:d:10.1007_s10696-016-9245-7
    DOI: 10.1007/s10696-016-9245-7
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Xiao, Tingting & Ha, Albert Y., 2018. "Optimal unloading and storage pricing for inbound containers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 111(C), pages 210-228.
    3. 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.
    4. Yadong Wang & Qiang Meng, 2019. "Integrated method for forecasting container slot booking in intercontinental liner shipping service," Flexible Services and Manufacturing Journal, Springer, vol. 31(3), pages 653-674, September.
    5. 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.

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