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http://dx.doi.org/10.5394/KINPR.2021.45.6.346

Estimation of Willingness to Pay (WTP) of the Cost of Safe Transportation for Freight Cars Using the Contingent Valuation Method (CVM)  

Hong, Sun-Yong (Major of Logistics, Graduate School of Korea Maritime and Ocean University)
Kim, Si-Hyun (Major of Logistics, Korea Maritime and Ocean University)
Publication Information
Journal of Navigation and Port Research / v.45, no.6, 2021 , pp. 346-351 More about this Journal
Abstract
With the goal of eradicating overwork, overload, and speeding of general freight cars(cargo) by the Ministry of Land, Infrastructure and Transport, Infrastructure and Transport, the "The Fare of safe transportation for freight cars System" has been enforced since 2020. 'The Fare of safe transportation for freight cars' rate for each item is being applied and supplemented, but the 'The Cost of safe transportation for freight cars' of general freight cars (cargo) and steel items is under discussion. The purpose of this study was to estimate the willingness to pay( WTP) for cargo. A survey was conducted on shippers, transportation companies (arrangers, carriers), and cargo drivers (using direct questioning among contingent valuation method (CVM) and the Tobit Regression analysis was conducted, and the average and median values of freight rates were derived using the estimated results, and the willingness to pay by tonnage of freight cars was confirmed. It is expected that the results of this study can be used as a reference to the "The Fare of safe transportation for freight cars Committee" an organization for deliberation and resolution of the 'The Cost of safe transportation for freight cars'.
Keywords
The Fare of safe transportation for freight cars System; CVM; Tobit Regression; WTP; Cost of Safe Transportation;
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