Optimization of slot mutual exchange and allocation based on revenue management in liner alliance

Hualong Yang, Lingxiao Wu, Anna Yue, Chen Zhao

Research output: Journal article publicationJournal articleAcademic researchpeer-review

2 Citations (Scopus)

Abstract

Based on the principle and practice of revenue management, this paper studied the slot mutual exchange and allocation problem in liner alliances. A win-win slot mutual exchange and allocation stochastic programming model was established with regard to the factors of multi-routes operated by the liner alliance, as well as the different size and different type of containers. Then, the chance constraint approach was employed to solve the problem. The result of numerical example shows that the established model and its algorithm are feasible and effective. It illustrates that the optimization of slot mutual exchange and allocation could improve the total revenue in liner alliances significantly. Furthermore, it also indicates that the amount of slot mutual exchange and allocation as well as the total revenue are negative to the quantities of contract customer demand and positive to the quantities of demand on spot market. Therefore, it could provide a scientific decision reference on slot mutual exchange and allocation for liners.

Original languageEnglish
Pages (from-to)1806-1815
Number of pages10
JournalXitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice
Volume36
Issue number7
DOIs
Publication statusPublished - 25 Jul 2016
Externally publishedYes

Keywords

  • Liner alliances
  • Mutual exchange and allocation
  • Optimization
  • Revenue management
  • Slot

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Modelling and Simulation
  • Economic Geology
  • Computer Science Applications

Fingerprint

Dive into the research topics of 'Optimization of slot mutual exchange and allocation based on revenue management in liner alliance'. Together they form a unique fingerprint.

Cite this