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Title: Game-theoretic comparison approach for intercontinental container transportation : a case between China and Europe with the B&R initiative
Authors: Chen, Xi
Zhu, Xiaoning
Zhou, Qingji
Wong, Yiik Diew
Keywords: Engineering::Civil engineering
Issue Date: 2017
Source: Chen, X., Zhu, X., Zhou, Q., & Wong, Y. D. (2017). Game-theoretic comparison approach for intercontinental container transportation : a case between China and Europe with the B&R initiative. Journal of Advanced Transportation, 2017, 3128372-. doi:10.1155/2017/3128372
Journal: Journal of Advanced Transportation
Abstract: 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.
ISSN: 0197-6729
DOI: 10.1155/2017/3128372
Rights: © 2017 Xi Chen et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:CEE Journal Articles

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