Pricing storage of outbound containers in container terminals

Youn Ju Woo (), Jang-Ho Song () and Kap Hwan Kim ()
Additional contact information
Youn Ju Woo: Pusan National University
Jang-Ho Song: Pusan Newport Co.
Kap Hwan Kim: Pusan National University

Flexible Services and Manufacturing Journal, 2016, vol. 28, issue 4, No 6, 644-668

Abstract: 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.

Keywords: Container terminal; Pricing; Storage space; Outbound containers (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s10696-016-9245-7

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