The Optimal Toll Scheme for Ships Queuing at the Entrance of Panama Canal

This article discusses how the expansion of the Panama Canal is currently being undertaken by the authorities in order to increase service capacity and reduce long queues. This article establishes an optimal toll scheme that will effectively disperse ship arrival times and eliminate long queues in order to avoid ships queuing at the entrance of the canal. Ship arrival rates at the entrance of the canal before and after implementing the optimal toll scheme are also presented.

Language

  • English

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Filing Info

  • Accession Number: 01519325
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Mar 6 2014 2:39PM