A linear-programming-based price negotiation procedure for contracting shipping companies
A procedure for a shipper contracting with ocean container shipping companies is described. The procedure incorporates the solution to a linear programming transportation model with results from sensitivity analysis. The procedure described enables shippers to evaluate all possible means of obtaining the lowest adjusted price for a given shipping route in a short period of time. Snippers that spend a minimum amount of time on price negotiation are generally able to accept or reject a pending offer prior to expiration of a shipping company's imposed time limit. A case study illustrates the negotiation procedure.
Year of publication: |
1995
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Authors: | Wan, Ke ; Levary, Reuven R. |
Published in: |
Transportation Research Part A: Policy and Practice. - Elsevier, ISSN 0965-8564. - Vol. 29.1995, 3, p. 173-186
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Publisher: |
Elsevier |
Saved in:
Online Resource
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