Overbooking and delivery-delay-allowed strategies for container slot allocation
Journal article, 2019

Due to uncontrollable markets and unreliable factors in liner container shipping industry, the deviation between the actual and estimated shipment demand of containers always exists, resulting in a waste of shipping capacity or unfulfilled shipping requirements. To tackle such a slot allocation problem, this paper proposes overbooking (OB) and delivery-postponed (DP) strategies to maximize profits. Then, two corresponding multi-period models are developed and solution algorithms are presented. Finally, several numerical experiments are carried on to show the applicability of the proposed models and solution algorithms. The results indicate that the OB and DP strategies can promote the profit.

Lagrangian relaxation

Overbooking strategy

Delivery-postponed strategy

Slot allocation

Surrogate subgradient algorithm

Author

Tingsong Wang

Wuhan University

Zheng Xing

Wuhan University

Hongtao Hu

Shanghai Maritime University

Xiaobo Qu

Chalmers, Architecture and Civil Engineering, GeoEngineering

Transportation Research Part E: Logistics and Transportation Review

1366-5545 (ISSN)

Vol. 122 433-447

Subject Categories

Computational Mathematics

Transport Systems and Logistics

Vehicle Engineering

DOI

10.1016/j.tre.2018.12.019

More information

Latest update

3/11/2019