Container slot allocation and dynamic pricing considering overbooking and market segmentation

Abstract

In this paper, we study the problem of slot allocation and dynamic pricing for container liner with uncertain demand. We consider the carrier's overbooking strategy and market segmentation. A two-stage mathematical model is proposed for container liner slot allocation and dynamic pricing. After linearizing the model, CPLEX can be used to solve it. The results of numerical experiments show that the model considering both overbooking and market segmentation can significantly improve the revenue of container liner companies.