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9 September 2019 Slot Sharing in Ocean Liner Shipping Cooperation with Overbooking and Loyal Customers
Lan Teng, Zhenji Zhang, Baodi Zhang
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Abstract

Teng, L.; Zhang, Z. and Zhang, B., 2019. Slot sharing in ocean liner shipping cooperation with overbooking and loyal customers. In: Gong, D.; Zhu, H., and Liu, R. (eds.), Selected Topics in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 94, pp. 411–415. Coconut Creek (Florida), ISSN 0749-0208.

Ocean liner shipping companies operating the same shipping route to compete for market shares through price competition. Shipping company with higher price may have residual freight slots while lower price company has sold out all the slots. Different shipping lines tend to implement slot sharing agreement to balance the excessive slot with extra demand. Freight slot overbooking and brand loyalty factors are taken into consideration. Model without freight slot sharing is set as benchmark case, then capacity sharing with different transfer price strategies are modeled and analyzed. Revenue earned by freight slot sharing under two different strategies with different rage of various influence factors, concluding whether to implement capacity sharing and how to decide transfer price strategy in concrete conditions.

©Coastal Education and Research Foundation, Inc. 2019
Lan Teng, Zhenji Zhang, and Baodi Zhang "Slot Sharing in Ocean Liner Shipping Cooperation with Overbooking and Loyal Customers," Journal of Coastal Research 94(sp1), 411-415, (9 September 2019). https://doi.org/10.2112/SI94-082.1
Received: 12 March 2019; Accepted: 15 April 2019; Published: 9 September 2019
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KEYWORDS
loyal customers
overbooking
Slot sharing
transfer price
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