Abstract

In this paper, we study the problem of slot allocation and dynamic pricing for container liner with uncertain demand. We consider the carrier’s overbooking strategy and market segmentation. A two-stage mathematical model is proposed for container liner slot allocation and dynamic pricing. After linearizing the model, CPLEX can be used to solve it. The results of numerical experiments show that the model considering both overbooking and market segmentation can significantly improve the revenue of container liner companies.

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.