Optimal Non-queuing Pricing for the Suez Canal

The queuing problem at the anchorage of the Suez Canal is getting worse because an increasingly large number of ships are willing to cross the Canal in order to reach their destinations. The permissible draft through the Suez Canal was increased from 62 to 66 feet after the 2010 deepening project which now enables most types of container ships and bulk carriers to pass through the Canal. This article introduces the analytic mathematical approach to establish the optimal non-queuing toll scheme that will effectively distribute all ship arrival times to achieve equilibrium. The article also shows the arrival rates of all ships both before and after implementing the toll scheme. All ships' arrival times are completely redistributed under the toll scheme to achieve equilibrium, and this effectively disperses all arrivals and eliminates queuing.

• Record URL:
  https://doi.org/10.1057/mel.2014.19
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/14792931
• Authors:
  • Laih, Chen-Hsiu
  • Tsai, Yu-Chen
  • Chen, Zhi-Bei
• Publication Date: 2015-9

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 359-370
• Serial:
  • Maritime Economics & Logistics
  • Volume: 17
  • Issue Number: 3
  • Publisher: Palgrave Macmillan
  • ISSN: 1388-1973
  • EISSN: 1476-0592
  • Serial URL: http://link.springer.com/journal/41278

Subject/Index Terms

• TRT Terms: Cargo ships; Containerships; Optimization; Queuing; Tolls; Traffic equilibrium
• Identifier Terms: Suez Canal
• Subject Areas: Economics; Marine Transportation; Operations and Traffic Management; I70: Traffic and Transport;

Filing Info

• Accession Number: 01577774
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 1 2015 2:03PM