DECISION CRITERIA IN PORT OPERATION

Marine transportation holds a dominant position in international trade, especially when it involves countries separated by seas, solely by virtue of its low cost to the shippers and consignees. For this position of dominance to remain valid, the economic competitiveness of marine transportation must be maintained. The factors affecting the economy of marine transportation fall in two domains. The ships operators, on one hand, will, for maximum profits, select ship characteristics, ship routes and freight rates that are conducive to achieving this objective. The ports on the other hand, will contribute towards this goal by operating optimally. Optimality will depend, of course, on the objective of the operation. For the purpose of this thesis, the objective is set to minimise the total cost to the ships and to the port, and the analysis conducted is to identify the set of operation activities that are consistent with the objective of this optimisation process.

• Corporate Authors:

  Massachusetts Institute of Technology

  Sea Grant Program, 77 Massachusetts Avenue
  Cambridge, MA  United States  02139
• Authors:
  • Chow, P T
• Publication Date: 1973-9

Subject/Index Terms

• TRT Terms: Costs; Development; Port operations; Ports; Transportation planning
• Uncontrolled Terms: Port finance
• Subject Areas: Finance; Marine Transportation; Terminals and Facilities;

Filing Info

• Accession Number: 00050819
• Record Type: Publication
• Source Agency: Massachusetts Institute of Technology
• Report/Paper Numbers: MS Thesis
• Files: TRIS
• Created Date: Jan 24 1974 12:00AM