Game Theory Applications for Seaport Cooperation, Competition, and Co-opetition

Applications of game theory in maritime transportation (ports and liner shipping network in specific) has been on the rise in the last decade (Lee and Song, 2017) and one research direction that has been proposed is the development of models that can capture cooperation/competitions between marine container terminal operators (MCTOs) and liner shipping companies. MCTO and/or port cooperation especially seems like a natural reaction to the rapid changes in the liner shipping industry in the form of new (and perhaps unstable) alliances and demand/supply volatility. In this project, the research team investigates the applicability of game theory models (e.g., multi-objective, Bertrand/Nash equilibrium problems -with or without equilibrium constraints-, Nash Bargaining and Equilibrium, Stackelberg etc.) to model cooperation, competition, and co-opetition between marine container terminal operators (MCTOs), seaports, and liner shipping alliances. The objective is to develop a mathematical framework that will maximize port revenues, minimize port costs and increase freight fluidity through the nation’s seaports.

Language

• English

Project

• Status: Completed
• Funding: $96991
• Contract Numbers:

  69A3551747120

• Sponsor Organizations:

  United States Department of Transportation - FHWA - LTAP

  1200 New Jersey Avenue, SE
  Washington, DC    20590

  Office of the Assistant Secretary for Research and Technology

  University Transportation Centers Program
  Department of Transportation
  Washington, DC  United States  20590
• Managing Organizations:

  Freight Mobility Research Institute

  Florida Atlantic University
  Boca Raton, FL  United States  33431
• Project Managers:

  Stearns, Amy

• Performing Organizations:

  University of Memphis

  Center for Intermodal Freight Transportation Studies
  3815 Central Avenue
  Memphis, TN  United States  38152
• Principal Investigators:

  Golias, Mihalis

  Mishra, Sabyasachee

• Start Date: 20170901
• Expected Completion Date: 20180831
• Actual Completion Date: 0
• USDOT Program: University Transportation Centers

Subject/Index Terms

• TRT Terms: Competition; Container terminals; Cooperation; Costs; Game theory; Liner shipping; Mathematical models; Revenues; Seaports
• Subject Areas: Economics; Freight Transportation; Marine Transportation; Planning and Forecasting; Terminals and Facilities;

Filing Info

• Accession Number: 01677603
• Record Type: Research project
• Source Agency: Freight Mobility Research Institute
• Contract Numbers: 69A3551747120
• Files: UTC, RIP
• Created Date: Aug 11 2018 10:10PM