Consumer preferences and willingness to pay for advanced vehicle technology options and fuel types

The automotive industry is witnessing a revolution with the advent of advanced vehicular technologies, smart vehicle options, and fuel alternatives. However, there is very limited research on consumer preferences for such advanced vehicular technologies. The deployment and penetration of advanced vehicular technologies in the marketplace, and planning for possible market adoption scenarios, calls for the collection and analysis of consumer preference data related to these emerging technologies. This study aims to address this need, offering a detailed analysis of consumer preference for alternative fuel types and technology options using data collected in stated choice experiments conducted on a sample of consumers from six metropolitan cities in South Korea. The results indicate that there is considerable heterogeneity in consumer preferences for various smart technology options such as wireless internet, vehicle connectivity, and voice command features, but relatively less heterogeneity in the preference for smart vehicle applications such as real-time traveler information on parking and traffic conditions.     

Using GPS-data to determine optimum electric vehicle ranges: A Michigan case study

Fuel-switching personal transportation from gasoline to electricity offers many advantages, including lower noise, zero local air pollution, and petroleum-independence. But alleviations of greenhouse gas (GHG) emissions are more nuanced, due to many factors, including the car’s battery range. We use GPS-based trip data to determine use type-specific, GHG-optimized ranges. The dataset comprises 412 cars and 384,869 individual trips in Ann Arbor, Michigan, USA. We use previously developed algorithms to determine driver types, such as using the car to commute or not. Calibrating an existing life cycle GHG model to a forecast, low-carbon grid for Ann Arbor, we find that the optimum range varies not only with the drive train architecture (plugin-hybrid versus battery-only) and charging technology (fast versus slow) but also with the driver type. Across the 108 scenarios we investigated, the range that yields lowest GHG varies from 65 km (55+ year old drivers, ultrafast charging, plugin-hybrid) to 158 km (16–34 year old drivers, overnight charging, battery-only). The optimum GHG reduction that electric cars offer – here conservatively measured versus gasoline-only hybrid cars – is fairly stable, between 29% (16–34 year old drivers, overnight charging, battery-only) and 46% (commuters, ultrafast charging, plugin-hybrid). The electrification of total distances is between 66% and 86%. However, if cars do not have the optimum range, these metrics drop substantially. We conclude that matching the range to drivers’ typical trip distances, charging technology, and drivetrain is a crucial pre-requisite for electric vehicles to achieve their highest potential to reduce GHG emissions in personal transportation.     

Environmental impacts of public transport systems using real-time control method

Public Transport (PT) systems rely more and more on online information extracted from both operator’s intelligent equipment and user’s smartphone applications. This allows for a better fit between supply and demand of the multimodal PT system, especially through the use of PT real-time control actions/tactics. In doing so there is also an opportunity to consider environmental-related issues to approach energy saving and reduced pollution. This study investigates and analyses the benefits of using real-time PT operational tactics in reducing the undesirable environmental impacts. A tactic-based control (TBC) optimization model is used to minimize total passenger travel time and maximize direct transfers (without waiting). The model consists of a control policy built upon a combination of three tactics: holding, skip-stops, and boarding limit. The environmental-related measure is the global warming potential (GWP) using the life cycle assessment technique. The methodology developed is applied to a real life case study in Auckland, New Zealand. Results show that TBC could reduce the GWP by means of reduction of total passenger travel times and vehicle travel cycle time. That is, the TBC model results in a 5.6% reduction in total GWP per day compared with an existing no-tactic scenario. This study supports the use of real-time control actions to maintain a reliable PT service, reducing greenhouse gas emissions and subsequently moving towards greener PT systems.     

Initial public offerings in the port industry: exploring the determinants of underpricing

The capital-intensive nature of the port industry and the long payback period of port investments traditionally determine high financial needs for operating the business. Due to the growing financial requirements for developing greenfield mega-projects and feeding international terminal operators’ overseas expansion, equity markets are expected to extend their role in promoting the industry. In this perspective, the underpricing phenomenon, which represents a direct cost for the issuer during initial public offering (IPO) and discourages companies from going public, is neglected by port literature. The paper explores the antecedents of IPO underpricing in ports. Building upon extant finance and port literature, firm characteristics, transaction features, and country-specific variables are tested as determinants of IPOs’ initial returns. For the aim of this study, 58 port-related IPOs taking place on international stock exchanges are examined, and ordinary least squares regression analysis is performed. The study offers unprecedented understandings of the phenomenon and supports port managers in facing financial challenges. Before launching the IPO, financial executives are invited to carefully identify time-window opportunities, and to monitor underwriters’ reputation when selecting financial partners. Findings bring insights for policymakers, as the public listing of port companies emerges a viable option for implementing port reform.     

The desulphurisation of shipping: Past,present and the future under a global cap

As from January 2020, the International Maritime Organization (IMO) is implementing a global 0.5% limit on the sulphur content of fuel, commonly known as the global sulphur cap. This limit is the latest policy in the efforts to reduce sulphur emissions from shipping, following the designation of emission control areas (ECAs) and other regional regulations. In this paper, a literature review is conducted of academic studies that have dealt with issues relating to the reduction of maritime sulphur emissions. Various recurring research themes are identified, spanning the areas of operations research, maritime economics and transport policy. The effects and implications of available compliance options are then analyzed from the perspectives of ship operators, shippers and consumers. Using lessons learned from the enforcement of ECA regulations, this is followed by an appraisal of various potential issues related to the enforcement of these new global regulations. It is found that a homogeneous enforcement regime is required to ensure a level playing field amongst ship operators and that the global sulphur cap may lead to serious market distortion, due to the potential short term rise of fuel prices. The paper concludes with a set of recommendations for future research on sulphur emissions from shipping in the aftermath of the global cap and, looking forward, to its relationship to the IMO strategy on the reduction of greenhouse gas (GHG) shipping emissions.     

Solving the gate assignment problem through the Fuzzy Bee Colony Optimization

In the field of Swarm Intelligence, the Bee Colony Optimization (BCO) has proven to be capable of solving high-level combinatorial problems, like the Flight-Gate Assignment Problem (FGAP), with fast convergence performances. However, given that the FGAP can be often affected by uncertainty or approximation in data, in this paper we develop a new metaheuristic algorithm, based on the Fuzzy Bee Colony Optimization (FBCO), which integrates the concepts of BCO with a Fuzzy Inference System. The proposed method assigns, through the multicriteria analysis, airport gates to scheduled flights based on both passengers’ total walking distance and use of remote gates, to find an optimal flight-to-gate assignment for a given schedule. Comparison of the results with the schedules of real airports has allowed us to show the characteristics of the proposed concepts and, at the same time, it stressed the effectiveness of the proposed method.     

Key beliefs and attitudes for sea-level rise policy

This article reviews key measures of public opinion on sea-level rise (SLR): beliefs, attitudes, issue prioritization, and policy support. To do so, we first assess the influence of SLR beliefs and attitudes on issue prioritization and policy support using state-level data. Then, we compare the state findings to other surveys conducted in a hot spot of rising coastal waters, the U.S. Mid-Atlantic, to better understand the landscape of public opinion. Our findings indicate that, as in studies of climate change public opinion, belief certainty that SLR is happening and attitudes about its consequences significantly influence issue prioritization and policy support. Compared to climate change, SLR demonstrates less salience, but is similarly a low public priority. Nevertheless, the public supports governmental policies that address the issue, preferring strategies that discourage new construction in high risk areas and employ “soft” protection through natural barriers. Among the least popular approaches are those that implement hard barriers to defend against encroaching seas. Communication programs and public consultation by governments can benefit from the use of survey data to support evidence-based decision-making.     

Incomplete cost – incomplete benefit analysis in transport appraisal

This paper examines the current application of transport appraisal in the UK, in particular exploring the partiality of cost–benefit analysis (CBA) within the wider multi-criteria analysis (MCA) process. It argues that applying a quantitative assessment of the varied impacts of complex transport projects can only be partial within the CBA. Analysis can overlook social, human life, environmental and built environment impacts, and projects can be inconsistent with the planning strategy for an area. The application of CBA is critically reviewed using two case studies: the proposed upgrade of the South Fylde railway line and the Heysham-M6 Link Road, both from North West England. A participatory MCA process is suggested to help improve the process of transport appraisal, as part of an improved public debate on transport investment priorities.     

Effects of the ‘Belt and Road’ initiative on the wine import logistics of China

China’s Belt and Road (BR) initiative is expected to facilitate international trade between the countries involved. In this study, we review the special requirements of wine logistics and the market growth potential of wine consumption in China. A model minimizing generalized logistical costs is developed and applied to wine imports in China, so that the best candidate cities in which to locate transport gateways and distribution centers can be identified. Our analysis suggests that the most preferred gateways are Shanghai, Tianjin, Guangzhou, and Hong Kong, which all have similar delivery costs. In comparison, Beijing and Chongqing have much higher delivery costs, mainly because they do not have good access to marine transport and/or efficient domestic distribution networks. For long-distance intercontinental transport of large volumes of wine, marine shipping remains the only viable delivery mode. However, wine distribution within China extensively uses air, road, and water transport. Therefore, cities with excellent multi-modal transport services are better positioned to become wine logistics gateways. Our study also highlights the importance of value-added services and good government support, which are important factors that influence distribution costs and quality.     

淤泥质海岸波致液化及航道骤淤问题初步研究

研究波浪与淤泥海床相互作用导致的海床液化、体积冲刷和高浓度近底悬沙的层移输运问题。采用de Wit提出的液化判别条件及计算方法,结合连云港近岸波浪和淤泥力学特征,计算不同来波条件下淤泥质海床的液化深度;进一步考虑浑水中含沙量对流速的折减影响,计算液化层运移速度分布。计算结果表明,大浪条件下,淤泥质海床可能有较大的液化深度,但层移厚度不大。由于层移含沙量较高,在近底水流驱动下仍能形成较大的输沙率和一定规模的大风天航道骤淤。有关研究成果为海床稳定性分析和输沙计算提供了新的思路和方法。