Physical Sciences and Mathematics Commons^™

Leasing Or Repositioning Empty Containers? Determining The Time-Varying Guide Leasing Prices For Decision Making, Hao Hu, Bo Du, Marcella Bernardo

SMART Infrastructure Facility - Papers

Repositioning empty container and leasing container from leasing company are mainly the outcomes of imbalance in trade flows. How to make decision on repositioning or leasing remains a challenge in running shipping service efficiently and economically. To address such challenge, this study aims to derive guide leasing prices. If the realistic leasing price is lower than the guide price, shipping companies should consider leasing containers from leasing company; otherwise repositioning empty container is a more economical option. Both time-varying short-term and long-term guide leasing prices are determined in a shipping network with consideration of empty container devanning and laden container …