Accommodating perceptual conditioning in the valuation of expected travel time savings for cars and public transport

Travel time variability (i.e., random variations in travel time) leads to a travel time distribution for a repeated trip from a fixed origin to destination (e.g., from home to work). To represent travel time variability, a series of possible travel times per alternative (departure time, route or mode) are often used in stated choice experiments. In the traditional models, the probabilities associated with different travel scenarios (e.g., arriving early, on time and late) shown in the experiments are directly used as weights. However, evidence from psychology suggests that the shown probabilities may be transformed (underweighted or overweighted) by respondents. To account for this transformation of probabilities, this study incorporates perceptual conditioning through a non-linear probability weighting function into a utility maximisation framework, within which the empirical estimate of the value of expected travel time savings is estimated. The key advantage of this framework is that the estimated willingness to pay value can be directly linked to the source of utility (i.e., the probability distribution of travel time), while taking into account the perceptual transformation of probabilities.     

Linking ocean container carrier capabilities to shipper–carrier relationships: a case study

ABSTRACT

As outsourcing and offshoring continue to expand, the ocean container industry serves a critical and still increasing role in supporting global trade. Yet, perceived commoditization and intense price competition among ocean container carriers limit opportunities for competitive advantage and formation of long-term shipper–carrier relationships. This environment ultimately yields an unhealthy industry that threatens the stability of global supply chains. Extant literature provides limited insight into how carriers can build strong relationships with shippers to overcome the short-term, transactional-orientation of the industry. Examining a case study of a major ocean container carrier, we apply structural equation modeling to shipper survey data to explore how carrier operational, service, and pricing capabilities influence the strength of the long-term shipper–carrier relationship. Furthermore, we identify unique clusters of shipper needs, helping the carrier understand when and how to promote a particular portfolio of capabilities to customers.     

Catalyzing Coastal Management in Kenya and Zanzibar: Building Capacity and Commitment

Site-based projects were initiated in Chawka Bay-Paje, Zanzibar, and Nyali-Bamburi-Shanzu, Kenya, to demonstrate the benefits of an integrated coastal management (ICM) approach for addressing coastal issues such as tourism development and enhancement of resource-dependent village economies in eastern Africa. A two-year, multidonor project used three primary strategies to make rapid, but sustainable, progress toward ICM. These included using interagency government teams for ICM planning, adopting an internationally recognized framework for ICM as a project ''road map,'' and explicitly incorporating capacity-building strategies into all aspects of the project. Within two years, integrated ICM action strategies, prepared through participatory processes, were being implemented at both sites, and both teams were working to expand the scale and scope of ICM in their nation. More importantly, the project helped create committed, capable, interagency groups that continue to work together to address urgent ICM issues.     

Coastal Resources as an Engine of Economic Growth and Reduction of Poverty in West Africa: Policy Considerations

This article synthesizes lessons and outcomes from the second international Coastal Zone Asia-Pacific conference (CZAP) on “Improving the Quality of Life in Coastal Areas,” held in Brisbane in September 2004. The conference theme was chosen as a follow-up from the first CZAP that identified priority actions in response to the increasing recognition of social issues in coastal management, particularly those aiming to improve the state of the coastal areas in the Asia-Pacific region. The second CZAP explored the “quality of life” theme by placing emphasis on rectifying coastal poverty, sustaining livelihoods, and protecting cultural heritage. Mechanisms to address these issues were explored through international agreements, participatory research, capacity building, and education, as well as the continuing need for integrated planning, environmental management, and effective monitoring and evaluation. A post-conference survey showed that the second CZAP resulted in 122 initiatives (82 underway and another 40 planned) to progress the improvement of quality of life in coastal areas. These initiatives ranged from the establishment of a unit that is responsible for river basin and coastal zone management by the Thua Thien Hue provincial government in Vietnam, to a collaborative on-ground livelihoods project between NGOs, government, and financial institutions on coastal zone management facilitated by the Asian Development Bank. However, the authors argue that two key challenges for ICM in the Asia-Pacific region remain. These challenges relate to the effective monitoring and evaluation of ICM initiatives, as well as matching future ICM initiatives to emergent priority areas.     

Valuing Recreation and Amenities at San Diego County Beaches

Abstract

Policymakers and analysts concerned with coastal issues often need economic value information to evaluate policies that affect beach recreation. This paper presents economic values associated with beach recreation in San Diego County generated from a recreation demand model that explains a beach user's choice of which beach to visit. These include estimates of the economic values of a beach day, beach closures, and beach amenities.     

Turn and zigzag maneuvers of a surface combatant using a URANS approach with dynamic overset grids

Unsteady Reynolds averaged Navier–Stokes (URANS) computations of standard maneuvers are performed for a surface combatant at model and full scale. The computations are performed using CFDShip-Iowa v4, a free surface solver designed for 6DOF motions in free and semi-captive problems. Overset grids and a hierarchy of bodies allow the deflection of the rudders while the ship undergoes 6DOF motions. Two types of maneuvers are simulated: steady turn and zigzag. Simulations of steady turn at 35° rudder deflection and zigzag 20/20 maneuvers for Fr = 0.25 and 0.41 using constant RPM propulsion are benchmarked against experimental time histories of yaw, yaw rate and roll, and trajectories, and also compared against available integral variables. Differences between CFD and experiments are mostly within 10 % for both maneuvers, highly satisfactory given the degree of complexity of these computations. Simulations are performed also with waves, and with propulsion at either constant RPM or torque. 20/20 zigzag maneuvers are simulated at model and full scale for Fr = 0.41. The full scale case produces a thinner boundary layer profile compared to the model scale with different reaction times and handling needed for maneuvering. Results indicate that URANS computations of maneuvers are feasible, though issues regarding adequate modeling of propellers remain to be solved.     

Optimization of shipyard space allocation and scheduling using a heuristic algorithm

In this article we describe the development of a tool that allows planners to efficiently and effectively plan space within valuable areas of a shipyard. Traditionally, space is considered as resource; however, it is difficult to accurately account for and plan its consumption with the currently available planning software’s. The spatial scheduling tool described in this article can be used by planners to manually or automatically reserve space within the shipyard for construction of large blocks over the entire erection period of the ship. The software is coupled with a heuristic optimization solver inspired by an algorithm used for "3D bin-packing problems." The result is the ability to efficiently generate and compare multiple space allocation alternatives in a reduced time with the ultimate goal of maintaining the critical ship erection schedule. A better solution than manual or semi-automatic allocation of blocks can be obtained through the optimization module.     

An application of interactive management information systems to environmental planning: Coastal zone management

Recent emphasis in comprehensive planning for coastal zone regions has created the need for more effective tools for information processing and analysis to aid policymakers and planners in developing strategies for preservation of coastal zone areas. New agencies with broad powers have been created at both state and federal levels to deal with growth management in large coastal regions. However, coastal zone management (CZM) agencies have not yet been able to deal effectively with development processes. A “holding action”; is being maintained in the face of mounting pressure by developers, while planners struggle to develop (1) a data base with sufficient detail for planning; (2) a fair and rapid process for reviewing environmental impact statements and granting of development permits; and (3) a system for making the development permit application process more routine. The key to success of the CZM process is the development of a management information system (MIS) created explicitly for CZM. The prototypical system designed by the authors combines graphic display capabilities (i.e., map display) with interactive on‐line computing and large storage‐capacity computers. Problems of data structure development are documented, together with problems of assembling a large‐scale, highly detailed data base. Of particular importance is the need for well‐developed objectives and specifications for the use of computer‐based data in resolving disputes on environmental issues. A set of objectives and specifications for a prototypical coastal zone MIS is developed. The system is described in detail, showing how its capabilities directly address policy questions formulated by coastal zone planners.     

Contributions to maritime economics—Zenon S. Zannetos,the theory of oil tankship rates

This paper discusses the importance of Zannetos’ 1966 book for the development of maritime economic thought. The main contributions of the book are recounted, and the empirical work in the book is reviewed.

The analysis of the present paper is a citation research on the maritime economics literature that refers to the book. Of the 42 papers in the set, about one-third refers to the book in general. A total of 35 papers refer to one or more elements of the book, with an equal number of references to: (1) the term structure of freight rates; (2) the empirical findings on the form of the supply curve; and (3) on the verification of his results.

The general conclusion of the citation analysis is that, apparently, a number of elements of his work are still very valid for current maritime economics thinking, while maritime economists have disregarded several other elements. The latter seems unjustified for some of the business structure observations that are made in the book, such as the notion that the ship is the firm, and the elasticity of expectations. The former observation is the basis for virtually all empirical work in maritime economics that is based on individual contract data (all freight rate analysis is of this nature), and the second is the basis for the analysis of investment behaviour in shipping, investigations of cyclicality and so on.

Zannetos can definitely be seen as the initiator of the important field of term structure analysis in maritime economics. In addition to this, there are several topics in the 1966 book that are as yet unexplored, and deserve empirical scrutiny.