Estimation on Storage Yard Occupancy Ratio of Container Terminal: A Case of Busan New Port Container Terminal

With advancements of quay side handling equipment and technologies, congestion in terminal operation has moved to the storage yard side from the quay side. The importance of storage yard management has increased in overall terminal operation. Thus, many studies have been conducted to optimize the storage yard management of container terminals. However, there is no academic work to estimate the change of storage yard occupancy ratio by itself in the future. This paper examines the probability of storage yard occupancy ratio in the container terminal of Busan New port using the Markov chain analysis which explains probability change with passing time. The result shows that it is most likely to have the probability of maintaining a high level of storage yard occupancy ratio in the container terminal of Busan New Port.