Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative
This paper develops a game-theoretic model to analyze the competition between two container freight transportation modes (shipping and railway) using competitive game strategic interactions method, namely, deterrence, by taking account of the most cost-effective scale of the transportation capacity...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2017-01-01
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| Series: | Journal of Advanced Transportation |
| Online Access: | http://dx.doi.org/10.1155/2017/3128372 |
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| _version_ | 1832545713394810880 |
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| author | Xi Chen Xiaoning Zhu Qingji Zhou Yiik Diew Wong |
| author_facet | Xi Chen Xiaoning Zhu Qingji Zhou Yiik Diew Wong |
| author_sort | Xi Chen |
| collection | DOAJ |
| description | This paper develops a game-theoretic model to analyze the competition between two container freight transportation modes (shipping and railway) using competitive game strategic interactions method, namely, deterrence, by taking account of the most cost-effective scale of the transportation capacity settings. The competition was set against the background of China’s Belt and Road (B&R) Initiative as a new situation for intercontinental Sino-Europe container freight transportation. The behavior of each mode (modeled as a carrier, resp.) is characterized by an optimization model with the objective of minimizing its cost by setting optimal basic freight rate and transportation deployment. A firm can use this method to compare the difference in the time value of the cargos and reduce the expense during the whole transportation process. Finally, the developed model is numerically evaluated by a case study of intercontinental transportation between Hefei (China) and Hamburg (Germany). The results show that deterrence effects largely depend on the deterrence objective, and the differential in the cost of two transportation modes tends to be stable with higher values in the deterrence objective. In the new intercontinental circumstance, the mode of railway transportation provides a new way to transport the cargos between China and Europe. |
| format | Article |
| id | doaj-art-634f3b14713b401dabb5df43e69618ad |
| institution | Kabale University |
| issn | 0197-6729 2042-3195 |
| language | English |
| publishDate | 2017-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Advanced Transportation |
| spelling | doaj-art-634f3b14713b401dabb5df43e69618ad2025-02-03T07:24:53ZengWileyJournal of Advanced Transportation0197-67292042-31952017-01-01201710.1155/2017/31283723128372Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R InitiativeXi Chen0Xiaoning Zhu1Qingji Zhou2Yiik Diew Wong3School of Traffic and Transportation, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Traffic and Transportation, Beijing Jiaotong University, Beijing 100044, ChinaCentre for Infrastructure Systems, School of Civil and Environmental Engineering, Nanyang Technological University, 639798, SingaporeCentre for Infrastructure Systems, School of Civil and Environmental Engineering, Nanyang Technological University, 639798, SingaporeThis paper develops a game-theoretic model to analyze the competition between two container freight transportation modes (shipping and railway) using competitive game strategic interactions method, namely, deterrence, by taking account of the most cost-effective scale of the transportation capacity settings. The competition was set against the background of China’s Belt and Road (B&R) Initiative as a new situation for intercontinental Sino-Europe container freight transportation. The behavior of each mode (modeled as a carrier, resp.) is characterized by an optimization model with the objective of minimizing its cost by setting optimal basic freight rate and transportation deployment. A firm can use this method to compare the difference in the time value of the cargos and reduce the expense during the whole transportation process. Finally, the developed model is numerically evaluated by a case study of intercontinental transportation between Hefei (China) and Hamburg (Germany). The results show that deterrence effects largely depend on the deterrence objective, and the differential in the cost of two transportation modes tends to be stable with higher values in the deterrence objective. In the new intercontinental circumstance, the mode of railway transportation provides a new way to transport the cargos between China and Europe.http://dx.doi.org/10.1155/2017/3128372 |
| spellingShingle | Xi Chen Xiaoning Zhu Qingji Zhou Yiik Diew Wong Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative Journal of Advanced Transportation |
| title | Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative |
| title_full | Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative |
| title_fullStr | Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative |
| title_full_unstemmed | Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative |
| title_short | Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative |
| title_sort | game theoretic comparison approach for intercontinental container transportation a case between china and europe with the b r initiative |
| url | http://dx.doi.org/10.1155/2017/3128372 |
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