Revenue Management and Freight Rate Coordination in the Container Shipping Industry
Research output: Contribution to book/Conference proceedings/Anthology/Report › Conference contribution › Contributed › peer-review
Contributors
Abstract
Freight rates in the container shipping industry are quite volatile. They are published regularly based on certain indexes and make a daily rate bargaining impossible. Carriers as well as customers agree long term freight rates to achieve longer term planning security. However, customers have the market power to enforce a published rate if it is lower than the contracted rate. We report about an approach that supports the shipping company to determine contracted freight rates under the consideration of this ``unfair'' customer behavior using segmentation-based pricing methods from revenue management.
Details
Original language | English |
---|---|
Title of host publication | Dynamics in Logistics |
Editors | Michael Freitag, Herbert Kotzab, Jürgen Pannek |
Place of Publication | Cham |
Publisher | Springer International Publishing AG |
Pages | 148-153 |
Number of pages | 6 |
ISBN (print) | 978-3-319-74225-0 |
Publication status | Published - 2018 |
Peer-reviewed | Yes |
External IDs
Scopus | 85102003905 |
---|