01590761

Component

Railway container transportation has been one of the fastest-growing freight transport modes. The reform of China Railway Freight Transportation provides an opportunity for the development of the railway container transportation. The current unified pricing mechanism does not reflect the market value of transport products. This paper presents a dynamic capacity allocation model for implementing market-oriented pricing of transport products. The model is used to adjust the different fare capacities according to market demand. Due to lots of stops along the railway container trains route, it will lead to dimensionality problems. The authors transfer the railway container multi-leg dynamic capacity allocation model to a deterministic linear programming problem. In addition, they compare and analyze the effectiveness of the additive bid-price control and the certainty equivalent control policy. Finally, they give a numerical experiment to show that the certainty equivalent control policy, which can ensure higher expected revenue, is better than the additive bid-price policy.

This paper was sponsored by TRB committee AR040 Standing Committee on Freight Rail Transportation.

01584066

16-4535

English

13p

2016

Transportation Research Board 95th Annual Meeting

Digital/other

Figures; References; Tables

Container handling; Freight transportation; Linear programming; Revenues

Capacity allocation

Freight Transportation; Planning and Forecasting; I72: Traffic and Transport Planning

Transportation Research Board Annual Meeting 2016 Paper #16-4535

TRIS, TRB, ATRI

Jan 12 2016 6:00PM