Assessing investments in shipping: a modular approach

This paper provides seperate but consistent modules,capable of being combined in a number of ways, for the assessment of investements in shipping with a variety of circumstances in respect of profitability, finance, inflation, taxes and tax allowances.These are accompanied by explanatory formulas and tables.It is thus possible to make comparisons of different financial terms and tax systems with ease and rapidity.A worked example is included.     

Effects of information in road transport networks with recurrent congestion

This paper aims to gain more insight into the implications of information provision to drivers on the performance of road transport networks with recurrent congestion. For this purpose, a simulation program consisting of three components has been written. The first component is the traffic simulation model, the second component is the information provision mechanism, and the third component monitors the behavioural decision-making process of the drivers, which is modelled using a utility-based satisficing principle. Three types of information provision mechanisms will be considered: information based upon own-experience, after-trip information and real-time en route information. The findings in this paper, obtained in a hypothetical context, underline the important relationship betweenoverreaction, thelevel of market penetration and thequality of the information. High quality information allows a high level of market penetration, while low quality information, even when provided at low levels of market penetration, induces overreaction. Furthermore, real-time en route information is in particular beneficial during the process leading to a steady state; it reduces the variance in travel time considerably. The paper concludes with a discussion on the market potential of motorist information systems when commercially marketed.     

Storage space allocation in container terminals

Container terminals are essential intermodal interfaces in the global transportation network. Efficient container handling at terminals is important in reducing transportation costs and keeping shipping schedules. In this paper, we study the storage space allocation problem in the storage yards of terminals. This problem is related to all the resources in terminal operations, including quay cranes, yard cranes, storage space, and internal trucks. We solve the problem using a rolling-horizon approach. For each planning horizon, the problem is decomposed into two levels and each level is formulated as a mathematical programming model. At the first level, the total number of containers to be placed in each storage block in each time period of the planning horizon is set to balance two types of workloads among blocks. The second level determines the number of containers associated with each vessel that constitutes the total number of containers in each block in each period, in order to minimize the total distance to transport the containers between their storage blocks and the vessel berthing locations. Numerical runs show that with short computation time the method significantly reduces the workload imbalance in the yard, avoiding possible bottlenecks in terminal operations.     

Morning commute in a single-entry traffic corridor with no late arrivals

This paper analyzes a model of early morning traffic congestion, that is a special case of the model considered in Newell (1988). A fixed number of identical vehicles travel along a single-lane road of constant width from a common origin to a common destination, with LWR flow congestion and Greenshields’ Relation. Vehicles have a common work start time, late arrivals are not permitted, and trip cost is linear in travel time and time early. The paper explores traffic dynamics for the social optimum, in which total trip cost is minimized, and for the user optimum, in which no vehicle’s trip cost can be reduced by altering its departure time. Closed-form solutions for the social optimum and quasi-analytic solutions for the user optimum are presented, along with numerical examples, and it is shown that this model includes the bottleneck model (with no late arrivals) as a limit case where the length of the road shrinks to zero.     

Differences in single heavy vehicle crashes at intersections and midblocks

The objective of this research is to identify the factors differentiating between single heavy vehicle collisions at intersections and midblocks by using a binary logit model. Our results show that single vehicle crashes involving heavy vehicle at intersections are more likely to occur on main roads and highways, whereas crashes at midblocks are more likely to occur on divided two‐way roads, roads with special facilities or features (e.g. bridge) and roads with a higher percentage of heavy vehicle traffic. Intersection crashes are also more likely to involve vehicles that are turning left or right, resulting in angle crashes and vehicle overturn, whereas midblock crashes are more likely to involve vehicles on higher posted speed roads. Copyright © 2017 John Wiley & Sons, Ltd.     

Comment

A paper for the ‘Management of Risks in Engineering’ seminar on ‘Risks, Vulnerabilities and Exposures in Transport (air, space, sea and land)’ organised by the Association Internationale pour I ‘Etude de I ‘Economie de I’ Assurance, Munich, October 21–22, 2002.     

Urban sports anglers and Lake Michigan fishery policies

Abstract

Over the past few years an unusually intense struggle over the future of the Lake Michigan fishery has occurred in the coastal communities of Racine and Kenosha. This struggle has engaged participants on the local, state, and national levels in the debate over the fishery as it is potentially impacted by the presence of environmental toxins, the rising cost of fish stocking and management, and conflicting user group demands. We describe three cases where urban sports anglers, with the assistance of university based social scientists, participated in state and city public policy decisions. After discussing this research and its policy implications, we propose a general public participation paradigm termed the Reciprocal Development Model.     

New highways and land use change: Results from a quasi-experimental research design

Understanding links from new highway construction or capacity expansion to regional growth patterns is crucial for transportation planners and policy makers. In this paper, we incorporate a lagged adjustment regional growth model into a quasi-experimental research design to examine the association between new highway investments and land use change in three California counties. Our study areas provide a mix of urban, small town, and exurban highway projects in order to explore the different effects across project types and geographic contexts. The central finding of this research is that while improvements in surface transportation infrastructure can have large impacts on growth patterns, the nature of the effect depends on the context of the highway investment.     

Book review

Onshore Planning for Offshore Oil—Lessons from Scotland by Pamela L. Baldwin and Malcolm F. Baldwin The Conservation Foundation, Washington, D.C., 1975