A Revenue management slot allocation model with prioritization for the liner shipping industry

Start Page
143
End Page
148
Citation
Operations Research Proceedings 2010 : selected papers of the Annual International Conference of the German Operations Research Society / edited by Bo Hu, Karl Morasch, Stefan Pickl, Markus Siegle. - Berlin ; Heidelberg : Springer Berlin Heidelberg, 2011. - Seite 143-148
Contribution to Conference
Annual International Conference of the German Operations Research Society (GOR), München 2010  
Publisher DOI
10.1007/978-3-642-20009-0_23
Publisher
Springer
The main characteristics for the successful use of revenue management are present in the liner shipping industry. Hence, revenue management methods can be applied to obtain the best container acceptance strategy. The segmentation which is normally used is based on the different container types, routes and customers. The literature shows that reliability and delivery speed are important factors for customers, and that containers with different commodities often have different priority. Therefore, the optimization model which is developed in this work creates booking limits for standard segmentations and incorporates an additional segmentation approach. These new segments are express and standard containers: The express segment is intended for urgent cargo and gets priority on the next ship. A container in the standard segment only needs to be shipped until a fixed delivery date and can be postponed. This new segmentation approach generates advantages for both parties involved.
Subjects
Revenue management
slot allocation
liner shipping
modeling
DDC Class
004: Informatik
330: Wirtschaft
380: Handel, Kommunikation, Verkehr