Industrial Engineering and Management Systems

Korean Institute of Industrial Engineers (대한산업공학회)
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Pricing the Storage of Inbound Containers with a Discrete Probability Distribution of Retrieval Times

  • Kim, Ki-Young (Department of Systems and Management Engineering, Dongseo University) ;
  • Kim, Kap-Hwan (Department of Industrial Engineering, Pusan National University)
  • Received : 2009.08.17
  • Accepted : 2010.04.12
  • Published : 2010.06.01
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Abstract

This paper discusses a method for pricing the storage of inbound containers in a container yard. The pricing structure is characterized by a free-time-limit and a storage price for the storage time that extends beyond the free-time-limit. A cost model is developed from the viewpoint of a public terminal operator as well as a private terminal operator. Unlike a previous study on this issue, this study assumes that the retrieval times follow a discrete probability distribution, which is more realistic than the previous study. A solution procedure is suggested and illustrated by using numerical examples.

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References

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