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Shipping mode choice in cold chain from a value-based management perspective
Zhang, X.; Lam, J.S.L. (2018). Shipping mode choice in cold chain from a value-based management perspective. Transp. Res., Part E Logist. Trans. Rev. 110: 147-167. https://dx.doi.org/10.1016/j.tre.2017.11.015
In: Transportation Research. Part E, Logistics and Transportation Review. Pergamon: Exeter. ISSN 1366-5545; e-ISSN 1878-5794, more
Peer reviewed article  
Available in  Authors 
Keyword
    Marine/Coastal
Author keywords
    Shipping mode choice; Cold chain; Reefer shipping; Value-based management; Economic Value Added (EVA); Time-sensitive commodity
Authors  Top 
  • Zhang, X.
  • Lam, J.S.L., more
Abstract
    The competition between bulk and containers in reefer shipping has become increasingly intensified in recent years. This study aims to investigate the modal choice between reefer bulk and container vessels by applying the value-based management tool in cold chain management. A value-based decision model is developed for operational and financial planning with Economic Value Added as the objective function. The commodity character and the voyage distance are identified as the main factors that affect the modal choice. The numerical study and sensitivity analysis reveal the change in modal choice and route choice under different operational and financial scenarios.
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