{"title":"ASSESSING THE FACTORS IMPACTING SHIPPING CONTAINER DWELL TIME: A MULTI-PORT OPTIMIZATION STUDY","authors":"Mohan Saini, T. Lerher","doi":"10.3846/btp.2024.19205","DOIUrl":null,"url":null,"abstract":"Ocean transportation is the most preferred mode of transportation that represents a significant role in the global trade. Ocean transportation comprises around 80% of the aggregate worldwide cargo volume. This research paper focused on evaluating the factors that influence the dwell time of the shipping containers. Dwell time is one of the important port performance parameters which evaluates the time spent by the container in a port. In this research, the data from the fourteen major ports was collected and analysed across the variables, such as cycle, size, mode, status, delivery and tracking technology for evaluating the variation in container dwell time. OLS regression method (Ordinary least squares) along with independent sample T test was adopted for the analysis of 2.8 million container data entries utilizing python for big data analysis and SPSS. For the top three ports with lowest RMSE (Root mean square error), Port A – 15.6 %, Port G – 15.7 % and Port L – 15.86 %, a qualitative study was performed to identify the reasons for the variation in dwell time. The major reasons identified included free days period, trans-shipment port, high rail frequency, industrial hubs in the vicinity of the ports for lower dwell time. A qualitative research framework was presented as the research outcomes and reasons for variations in a multiport study.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business: Theory and Practice","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3846/btp.2024.19205","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
Ocean transportation is the most preferred mode of transportation that represents a significant role in the global trade. Ocean transportation comprises around 80% of the aggregate worldwide cargo volume. This research paper focused on evaluating the factors that influence the dwell time of the shipping containers. Dwell time is one of the important port performance parameters which evaluates the time spent by the container in a port. In this research, the data from the fourteen major ports was collected and analysed across the variables, such as cycle, size, mode, status, delivery and tracking technology for evaluating the variation in container dwell time. OLS regression method (Ordinary least squares) along with independent sample T test was adopted for the analysis of 2.8 million container data entries utilizing python for big data analysis and SPSS. For the top three ports with lowest RMSE (Root mean square error), Port A – 15.6 %, Port G – 15.7 % and Port L – 15.86 %, a qualitative study was performed to identify the reasons for the variation in dwell time. The major reasons identified included free days period, trans-shipment port, high rail frequency, industrial hubs in the vicinity of the ports for lower dwell time. A qualitative research framework was presented as the research outcomes and reasons for variations in a multiport study.
期刊介绍:
The journal "Business: Theory and Practice" is published from 2000. 1 vol (4 issues) per year are published. Articles in Lithuanian, English, German, Russian. The Journal has been included into database "ICONDA" and "Business Source Complete".