Flexibility in Port Selection: A Quantitative Approach Using Floating Stocks
Ports provide a number of logistical choices concerning storage, onward transport, and postponement. We investigate the routing flexibility offered by ports with a central location with respect to the hinterland. This flexibility is investigated using an illustrative case in which a number of alternative strategies are evaluated by means of simulation. Detailed cost data was used for the illustrative case. The combination of a simulation model and detailed cost data allows us to quantify the value of the rerouting flexibility. A combination of using regional distribution centers and a European Distribution Center results in the lowest cost per container.
|Keywords||floating stock, intermodal transport, inventories, port selection, supply chain|
|Publisher||Erasmus School of Economics (ESE)|
|Series||Econometric Institute Research Papers|
|Journal||Report / Econometric Institute, Erasmus University Rotterdam|
van Asperen, E, & Dekker, R. (2010). Flexibility in Port Selection: A Quantitative Approach Using Floating Stocks (No. EI 2009-44). Report / Econometric Institute, Erasmus University Rotterdam (pp. 1–21). Erasmus School of Economics (ESE). Retrieved from http://hdl.handle.net/1765/18639