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Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative
Joint Authors
Wong, Yiik Diew
Chen, Xi
Zhu, Xiaoning
Zhou, Qingji
Source
Journal of Advanced Transportation
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-11-09
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
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.
American Psychological Association (APA)
Chen, Xi& Zhu, Xiaoning& Zhou, Qingji& Wong, Yiik Diew. 2017. Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative. Journal of Advanced Transportation،Vol. 2017, no. 2017, pp.1-15.
https://search.emarefa.net/detail/BIM-1170634
Modern Language Association (MLA)
Chen, Xi…[et al.]. Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative. Journal of Advanced Transportation No. 2017 (2017), pp.1-15.
https://search.emarefa.net/detail/BIM-1170634
American Medical Association (AMA)
Chen, Xi& Zhu, Xiaoning& Zhou, Qingji& Wong, Yiik Diew. Game-Theoretic Comparison Approach for Intercontinental Container Transportation: A Case between China and Europe with the B&R Initiative. Journal of Advanced Transportation. 2017. Vol. 2017, no. 2017, pp.1-15.
https://search.emarefa.net/detail/BIM-1170634
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1170634