• ISSN 0258-2724
  • CN 51-1277/U
  • EI Compendex
  • Scopus
  • Indexed by Core Journals of China, Chinese S&T Journal Citation Reports
  • Chinese S&T Journal Citation Reports
  • Chinese Science Citation Database
Volume 19 Issue 4
Aug.  2006
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Article Contents
LI Bingzhou, WU Zhenye, BU Xiangzhi. Overbooking Model for Revenue Management of Ocean Shipping Containers under Stochastic Capacity[J]. Journal of Southwest Jiaotong University, 2006, 19(4): 501-506.
Citation: LI Bingzhou, WU Zhenye, BU Xiangzhi. Overbooking Model for Revenue Management of Ocean Shipping Containers under Stochastic Capacity[J]. Journal of Southwest Jiaotong University, 2006, 19(4): 501-506.

Overbooking Model for Revenue Management of Ocean Shipping Containers under Stochastic Capacity

  • Received Date: 01 Aug 2005
  • Publish Date: 25 Aug 2006
  • To solve the revenue management-based overbooking problem of ocean shipping container position under stochastic capacity,an overbooking model without considering empty container transportation under stochastic capacity was constructed by applying the probability theory and the optimization theory.In this model,expected total cost is taken as the optimization objective.In addition,it was investigated how to decide the optimal overbooking level of container position respectively for discrete and continuous probability distributions of transportation capacity.To solve the empty container transportation problem,an overbooking model considering empty container transportation under stochastic capacity was established,and it was proven that the optimal overbooking level declines under stochastic capacity if empty container transportation is considered.At last,a numerical example was given and the optimal overbooking level was calculated respectively with the two proposed models.The calculation shows that the optimal overbooking level with empty container transportation is 3 TEU(twenty-equivalent unit) less than that without empty container transportation.

     

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