A parameterised model of multimodal freight transportation for maritime services optimisation. (1st January 2014)

• Record Type: Journal Article
• Authors: Rios Prado, Rosa; Crespo Pereira, Diego; del Rio Vilas, David; Rego Monteil, Nadia; Garcia del Valle, Alejandro
• Is Part Of: International journal of simulation and process modelling. Volume 9:Number 1/2(2014)
• Page Start: 33
• Page End: 45
• Publication Date: 2014-01-01
• Subjects: logistics -- freight transport -- multimodal -- simulation -- supply chain -- optimisation -- IRR -- internal rate of return -- decision maker -- transportation planning -- route planning; Management -- Computer simulation -- Periodicals; Mathematical models -- Periodicals; Operations research -- Periodicals; Simulation methods -- Periodicals; 003.05
• Languages: English
• ISSNs: 1740-2123

Abstract

Multimodal transport has been promoted by several transport commissions initiatives as an alternative to road transport. A key factor for improving its competitiveness is to provide private and public investors with means of evaluating and selecting the most profitable options. This paper presents a parameterisation schema of a freight transport model for the assessment of a multimodal transport service in terms of its internal rate of return (IRR). Parameterisation enables the application of optimisation algorithms to maximise the profitability. Finally, a case study consisting of the evaluation of a new maritime service for the interregional freight transport in Spain is used to verify the proposed parameterisation.