Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288493 
Year of Publication: 
2020
Citation: 
[Journal:] Sustainability Management Forum NachhaltigkeitsManagementForum [ISSN:] 2522-5995 [Volume:] 28 [Issue:] 1-2 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2020 [Pages:] 1-11
Publisher: 
Springer, Berlin, Heidelberg
Abstract: 
This article reports the development and the assessment of a freight rate optimization approach based on mathematical modeling and optimization. It exploits the functional interdependency between the price of a (service) product and the quantity of the product using this price. Solving the proposed model enables a differentiated and shipper-specific rate determination accompanied by the allocation of the transport capacity provided by the carrier to different shippers. This bilateral pricing between carrier and shippers considers market-based reference rates typically available in the maritime container shipping industry. Herewith, we integrate market-based pricing with demand-based pricing. We validate the proposed model in computational experiments for an artificial pricing scenario. An analysis of the achieved results demonstrates that missing overcapacities will lead to reduced revenues if spot market prices are too low.
Subjects: 
Environmental Economics
Economics, general
Business and Management, general
Economics, general
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.