Competition or Cooperation: a Simulation of the Price Strategy of Ports

周鑫,

doi:10.2507/ijsimm14(3)8.303

Cited by 21 publications

(9 citation statements)

References 11 publications

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“…Common factors used to model port competition and cooperation with service level differentiation include service quality, service type, geographic location, capacity, price, profits, and welfare. Zhou [15] suggested future research could include a comparison of competition with cooperation strategies of ports serving partially overlapping hinterlands in a situation when ports compete in price and geographic location. Incorporation of more practical problems in the models that would increase the applicability of model at different settings to help robustness was suggested by Ciu and Notteboom [16].…”

Section: Discussionmentioning

confidence: 99%

“…When the service levels of the port enterprises are different, the port's service price, market share, and profit are affected by the service level before and after the cooperation, the service level of the port enterprise shows a trend of mutual promotion, and the port group develops into a higher service level. The price strategy of ports serving partially overlapping hinterlands was investigated by Zhou [15], where the author used a modified Hotelling model and simulation to analyze the price strategy for three ports from competition and cooperation perspectives. Research results revealed that, when the service levels were the same, the critical factor for competitive ports was location, while service level was the critical factor for the creation of a port alliance.…”

Section: Port and Container Terminal Cooperation/competition And Co-omentioning

confidence: 99%

“…while trying to accommodate the growing demand, marine container terminal operators and port authorities have brought attention to the importance of planning and operations optimization to increase productivity and profits. Game theory has given the ability to examine the effects of critical port management decisions such as investments [7][8][9][10][11][12] and pricing policies [10][11][12][13][14][15][16][17][18][19][20][21][22][23] under situations when service level differentiation [13][14][15][16]20,24,25], port ownership [17,21,22], and port regulations [20,26] are considered. Game theory further enables the analysis of various competition and cooperation dynamics between port authorities and terminals, amongst terminals within a port, and between ports and shipping lines.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

A Review of Game Theory Applications for Seaport Cooperation and Competition

Pujats

Golias

Konur

2020

JMSE

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In the ever-changing maritime shipping industry, ports, and more specifically, container terminals, are always on the search for better policy and operational plan developments. As the maritime shipping sector changes, new areas of research emerge. In this paper, we present a review of recent game theory applications for seaport cooperation and competition, accompanied by summary review tables stating the study, the modeling technique used, the methodology and objective, and summary of the results of each study. In total, we have reviewed 33 studies that used game theory models that investigated seaport and container terminal competition and cooperation involving various stakeholders with dating publication years from 2008 to 2019. The paper concludes with a discussion and proposed future research directions. The purpose of the paper is to serve as a reference guide to recent game theory applications on seaport cooperation and competition that would allow a quick understanding of work done in the field.

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Section: Discussionmentioning

confidence: 99%

Section: Port and Container Terminal Cooperation/competition And Co-omentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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A Review of Game Theory Applications for Seaport Cooperation and Competition

Pujats

Golias

Konur

2020

JMSE

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“…Ports have become a significant strategic resource for the development of national economy and regional economy in China. They act as the nodes connecting water transport with land transport and play pivotal roles in logistics network [13]. As the development of port cities and hinterland economy relies on the development of ports, a series of research on ports is of great significance for not only the development of hinterland cities, but also the development of ports themselves [11].…”

Section: Singularity Detectionmentioning

confidence: 99%

Time Series Clustering Based on Singularity

Chang

Ding

2017

INT J COMPUT COMMUN

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With relevant theories on time series clustering, the thesis makes research into similarity clustering process of time series from the perspective of singularity and proposes the time series clustering based on singularity applying K-means and DBScan clustering algorithms according to the shortage of traditional clustering algorithm. In accordance with the general clustering process of time series, time series clustering based on singularity and K-means are made respectively to get different clustering results and make a comparison, thus proving that similarity clustering research of time series from the perspective of singularity can better find out people's concern on time series.

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“…Asadabadi [10] developed a bi-level multiplayer game theoretic approach to study the co-opetition among ports. Zhou [11] studied the competition/cooperation between three ports with a developed Hotelling model. Wan [12] developed a spatial game model to study how the investment of local government would affect the port infrastructure with different cooperation projects.…”

Section: Introductionmentioning

confidence: 99%

Research on horizontal integrating strategy pricing game of competitive ports

Wang

Peng

2018

J. Phys.: Conf. Ser.

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Abstract. The homogenization of port services makes the competition among ports fierce. The long construction cycle makes it difficult for port companies to launch new differentiated services. Adopting horizontal integrating strategy to form a regional port group could more or less avoid the over competition for ports. In order to study the change of port companies' profit, market share from adopting horizontal integrating strategy, this paper developed a multiobjective optimization pricing game model for port companies based on game theory and MNL discrete choosing model and solved the pure strategy nash equilibrium with an numerical algorithm. From the numerical example, we obtained the optimized pricing strategies, integrating routes for highway transportation service as well as sensitivity analysis of user preference factor in the context of horizontal integrating strategy. The result shows that: When user preference factor is 0.008, adopting horizontal integrating strategy could bring 103% profit promotion for port company A and 45% for port company B. While such measure would reduce the profit from adopting vertical integrating strategy. Therefore port companies decide to cancel some integrating routes in both ends of the network in order to reduce the costs. Moreover, there's a collusion between two companies after adopting horizontal strategy. Decision making of both companies will aim at maximizing the profit of the group. Finally, the sensitivity analysis shows that with the growing of user preference factor  , profit of regional port group will become stable after a decrease while the difference of profit between two companies become larger. It's suggested that the regional port group should redistributes the profit so that the cooperation could be more persistent. Finally, port companies should also pay attention to self-development to avoid the profit loss when cooperation breaks or competition from outside.

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Competition or Cooperation: a Simulation of the Price Strategy of Ports

Cited by 21 publications

References 11 publications

A Review of Game Theory Applications for Seaport Cooperation and Competition

A Review of Game Theory Applications for Seaport Cooperation and Competition

Time Series Clustering Based on Singularity

Research on horizontal integrating strategy pricing game of competitive ports

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