Journal ArticleDOI
An Inventory Theoretic Model of Freight Transport Demand
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TLDR
Inventory theory makes possible a direct comparison of the four attributes on which mode selection is based and leads to a model of rational choice in transport demand, suitable for statistical estimation given adequate data.Abstract:
The model in this paper is intended to explain the choice of transport made by shippers, as well as their total demand for transportation services. The optimal choice of mode is shown to involve a trade-off among freight rates, speed, dependability variance in speed and en-route lossage. It is shown that faster, more dependable service simply reduces the shipper's or receiver's inventories, including his safety stock and his inventory in transit. Hence inventory theory makes possible a direct comparison of the four attributes on which mode selection is based and leads to a model of rational choice in transport demand. The resulting model is suitable for statistical estimation given adequate data.read more
Citations
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Journal ArticleDOI
Supply chain modeling: past, present and future
Hokey Min,Gengui Zhou +1 more
TL;DR: In this paper, the authors synthesize past supply chain modeling efforts and identify key challenges and opportunities associated with supply chain modelling, and also provide various guidelines for the successful development and implementation of supply chain models.
Journal ArticleDOI
The effectiveness and costs of speed reductions on emissions from international shipping
TL;DR: In this paper, the authors evaluate whether vessel speed reduction can be a potentially cost-effective CO2 mitigation option for ships calling on US ports, by applying a profit-maximizing equation to estimate route-specific, economically-efficient speeds.
Journal ArticleDOI
A micro-simulation model of shipment size and transport chain choice
Gerard de Jong,Moshe Ben-Akiva +1 more
TL;DR: In this article, the authors deal with the development of a new logistics model and its application within the national freight model systems of Norway and Sweden, which operates at the level of individual firm-to-firm relations and simulates the choice of shipment size and transport chain for all the relations within the country, export and import.
BookDOI
The Cost of Being Landlocked : Logistics Costs and Supply Chain Reliability
TL;DR: In this article, the authors propose a revised approach to tackle the cost of being landlocked and a new analytical framework which uses a microeconomic approach to assess the trade and macroeconomic impacts of logistics.
Journal ArticleDOI
A review of the transportation mode choice and carrier selection literature
Mary J. Meixell,Mario Norbis +1 more
TL;DR: In this article, a comprehensive literature review of the peer-reviewed journal papers published over the past 20 years, supplemented with a review of practitioner articles to identify current challenges in the logistics field is presented.
References
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Book ChapterDOI
A New Approach to Consumer Theory
TL;DR: In this article, the authors extend activity analysis into consumption theory and assume that goods possess, or give rise to, multiple characteristics in fixed proportions and that it is these characteristics, not goods themselves, on which the consumer's preferences are exercised.
Journal Article
The demand for abstract transport modes: theory and measurement. in: urban transport
R E Quandt,W J Baumol +1 more
TL;DR: A new theoretical approach to the analysis of travel demand that will play a role not only in eliminating the future demand for each mode but also estimating the total demand for travel.
Journal ArticleDOI
The demand for abstract transport modes: theory and measurement†
TL;DR: A variety of techniques have been employed in estimating statistical relationships which might be used to predict the amount of travel that will take place at some future time as mentioned in this paper, some of which involve the formulation of traditional demand functions according to the dictates of a priori economic theorizing; others depend upon careful stratification of the population and subsequent pragmatic extrapolation of travel propensities observed on the basis of direct samples of the various strata.
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