Abstract

Will be considered transport company exploiting the uniform in the sense of destination, means of transport such as tankers, with a total transport potential equal to a loading units (e.g. tones). The company operates in the transport market, where demand for transport services is random. The problem of fitting the transport potential of a transport company to the demand for such services is formulated. As measure of this fit assumes that the probability of a firms transport potential is not being exceeded by demand over the given time horizon. Practically useful formulas for estimating such probability for cases where demand for transport services is described by stationary and non-stationary normal stochastic processes. The results are illustrated by numerical examples.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.