Market-based pricing for road freight transportation
The specifics of market pricing in the Russian road freight transport market by means of correlation and regression analysis have been studied. Statistically significant factors have been highlighted, and mathematical models have been constructed. The influence of fictitious variables (body type) th...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2022-01-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3206 |
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| _version_ | 1832541704842903552 |
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| author | A. A. Aksentev |
| author_facet | A. A. Aksentev |
| author_sort | A. A. Aksentev |
| collection | DOAJ |
| description | The specifics of market pricing in the Russian road freight transport market by means of correlation and regression analysis have been studied. Statistically significant factors have been highlighted, and mathematical models have been constructed. The influence of fictitious variables (body type) that improve the quality of the calculated values has been noted. Regression equations useful for determining the average market value of tariffs have been drawn up, which, when compared to actual tariffs, may indicate the adequacy of freight transactions. The results of transport companies registered in the Krasnodar region have been considered. A differentiated approach has been justified, requiring enterprises to be divided into revenue growth groups in order to identify differences in profitability and its sustainability. The limitations and shortcomings of the mathematical model, which do not allow us to make an unambiguous conclusion about the unprofitable and low-margin nature of the industry, have been considered. Areas for future research have been suggested. |
| format | Article |
| id | doaj-art-ab8888ed86f64a029e1ce7aa3eb7e3b3 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-ab8888ed86f64a029e1ce7aa3eb7e3b32025-02-04T08:28:10ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-01-010119410210.26425/1816-4277-2021-11-94-1022200Market-based pricing for road freight transportationA. A. Aksentev0Kuban State UniversityThe specifics of market pricing in the Russian road freight transport market by means of correlation and regression analysis have been studied. Statistically significant factors have been highlighted, and mathematical models have been constructed. The influence of fictitious variables (body type) that improve the quality of the calculated values has been noted. Regression equations useful for determining the average market value of tariffs have been drawn up, which, when compared to actual tariffs, may indicate the adequacy of freight transactions. The results of transport companies registered in the Krasnodar region have been considered. A differentiated approach has been justified, requiring enterprises to be divided into revenue growth groups in order to identify differences in profitability and its sustainability. The limitations and shortcomings of the mathematical model, which do not allow us to make an unambiguous conclusion about the unprofitable and low-margin nature of the industry, have been considered. Areas for future research have been suggested.https://vestnik.guu.ru/jour/article/view/3206road cargo transportationfreight transportationpricingcompetitivenesstransport logisticsprice factorscost modelsprofitability |
| spellingShingle | A. A. Aksentev Market-based pricing for road freight transportation Вестник университета road cargo transportation freight transportation pricing competitiveness transport logistics price factors cost models profitability |
| title | Market-based pricing for road freight transportation |
| title_full | Market-based pricing for road freight transportation |
| title_fullStr | Market-based pricing for road freight transportation |
| title_full_unstemmed | Market-based pricing for road freight transportation |
| title_short | Market-based pricing for road freight transportation |
| title_sort | market based pricing for road freight transportation |
| topic | road cargo transportation freight transportation pricing competitiveness transport logistics price factors cost models profitability |
| url | https://vestnik.guu.ru/jour/article/view/3206 |
| work_keys_str_mv | AT aaaksentev marketbasedpricingforroadfreighttransportation |