Abstract

This chapter aims to compare the competitiveness of existing and potential corridors for cargo transport between the Indian Ocean region and China in the “Belt and Road Initiative” context. To achieve this aim, a multiobjective programming model is proposed to allocate cargoes to each corridor while the four objectives of minimum transport cost, minimum energy consumption, minimum greenhouse emissions, and highest safety are balanced. Three types of cargoes are taken as examples. The proposed model gives the optimal cargo volume allocation over the four corridors of interest, which has been shown numerically to vary as the priority of each objective varies. Subsequently, the rate of return on investment in the three potential corridors is analyzed. This work may not only provide good suggestions for policy makers, but also promote the implementation of the Belt and Road Initiative.

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