Abstract

This paper analyzes the effect of foldable containers in various circumstances. Recently, as a result of the COVID-19 pandemic, many unexpected situations have arisen in the shipping and logistics industries. In this study, we examine three key situations: shutdowns, demand fluctuations, and fleet size fluctuations. Furthermore, we developed an integer programming model to analyze through experiments the effect of foldable containers in each situation. The results show that foldable containers have proven to be more effective than standard containers in many situations, and they facilitate a faster recovery from container imbalances. However, the optimal number of foldable containers differs in each situation, and the cost of foldable containers is high. To address this, we propose implementing effective container usage through lease policies. Additionally, we explore management countermeasures from the perspective of each market participant to expand the foldable container market.

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.