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The valuation of shipment time variability in Greater Mekong Subregion
Abstract The value of shipment time variability is estimated using the stated preference data from shippers engaging in cross-border transport in Greater Mekong Subregion. Respondents are asked to choose between two alternatives which differ in terms of shipment time, cost, shipment time variability and departure time. In the study route, two bottlenecks (border and seaport) violate stability of shipment time. These two shipment time distributions are convoluted by Monte Carlo method. The results show that the value of schedule delay late is 5.6 times larger than normal travel time savings.
Highlights We estimate the shipper's value of shipment time variability in GMS. Shipment time variability at border and seaport are convoluted to obtain arrival time distribution. The gap between the value of schedule delay early and late was large since late arrival is unacceptable. The value of penalty of being late is also large.
The valuation of shipment time variability in Greater Mekong Subregion
Abstract The value of shipment time variability is estimated using the stated preference data from shippers engaging in cross-border transport in Greater Mekong Subregion. Respondents are asked to choose between two alternatives which differ in terms of shipment time, cost, shipment time variability and departure time. In the study route, two bottlenecks (border and seaport) violate stability of shipment time. These two shipment time distributions are convoluted by Monte Carlo method. The results show that the value of schedule delay late is 5.6 times larger than normal travel time savings.
Highlights We estimate the shipper's value of shipment time variability in GMS. Shipment time variability at border and seaport are convoluted to obtain arrival time distribution. The gap between the value of schedule delay early and late was large since late arrival is unacceptable. The value of penalty of being late is also large.
The valuation of shipment time variability in Greater Mekong Subregion
Kawasaki, Tomoya (Autor:in) / Hanaoka, Shinya (Autor:in) / Nguyen, Long Xuan (Autor:in)
Transport Policy ; 32 ; 25-33
01.01.2014
9 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
The valuation of shipment time variability in Greater Mekong Subregion
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