Revenue management for container liner shipping services: Critical review and future research directions
The purpose of revenue management (RM) is to maximize revenue growth for a company by optimizing product/service availability and prices based on micro-level forecasting of customer behavior. Seat/cargo capacity control and air ticket/cargo pricing are two primary RM research topics that have yielded fruitful models and solution methods for air transportation, which have been used by airlines for around 50 years. However, the RM studies for container liner shipping services and their application are scant although the operations of airlines and container shipping lines are quite similar. The authors therefore introduce the fundamental RM models developed for air transportation, namely, capacity control and pricing models. Based on these models, they proceed to critically review the RM studies for container liner shipping services. Finally, they identify valuable future research directions in container shipping RM.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
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Supplemental Notes:
- © 2019 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
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Authors:
- Meng, Qiang
- Zhao, Hui
- Wang, Yadong
- Publication Date: 2019-8
Language
- English
Media Info
- Media Type: Web
- Features: Figures; References; Tables;
- Pagination: pp 280-292
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Serial:
- Transportation Research Part E: Logistics and Transportation Review
- Volume: 128
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 1366-5545
- Serial URL: http://www.sciencedirect.com/science/journal/13665545
Subject/Index Terms
- TRT Terms: Containerships; Literature reviews; Pricing; Revenues; Ship lines; Shipping; Yield management
- Subject Areas: Finance; Marine Transportation; Planning and Forecasting;
Filing Info
- Accession Number: 01714980
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 27 2019 4:02PM