Allotment Booking in Intermodal Transport

The article presents a valuable concept seeking to solve the problem of demand uncertainty in intermodal transport. Regular traffic is quite important for moving containers, trailers and swap bodies. To keep regularity with uncertain demand means to have backlogs or empty space. Both of them are inefficient from an economical point of view. In practice, a day-by-day demand forecast is meaningful only for the next two or three days. This poses serious allotment management problems to freight forwarders and shippers since long-term contract allotments need to be planned many months ahead. The article presents a stochastic dynamic programming model for a short-term allotment planning a model that would be very valuable for implementing intermodal solutions. The presented model evaluates optimal cost policy based on the economic trade-off between the cost of backlogged shipment and the cost of acquiring additional allotment.

• Record URL:
  https://doi.org/10.3846/1648-4142.2009.24.37-41
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/16484142
• Authors:
  • Jarzemskiene, Ilona
  • Jarzemskis, Vytautas
• Publication Date: 2009-1

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 37-41
• Serial:
  • Transport: Research Journal of Vilnius Gediminas Technical University and Lithuanian Academy of Sciences
  • Volume: 24
  • Issue Number: 1
  • Publisher: Vilnius Gediminas Technical University
  • ISSN: 1648-4142
  • EISSN: 1648-3480

Subject/Index Terms

• TRT Terms: Air transportation; Containerization; Containers; Costs; Freight forwarders; Freight handling; Freight transportation; Highway transportation; Intermodal transportation; Logistics; Optimization; Railroad transportation; Stochastic processes; Tractor trailer combinations; Water transportation
• Subject Areas: Data and Information Technology; Economics; Freight Transportation; Operations and Traffic Management; Transportation (General); I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01148154
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 25 2010 8:08AM