Modelling cyclic container freight index using system dynamics
Modelling cyclic container freight index using system dynamics
- New search for: Jeon, Jun-Woo
- New search for: Duru, Okan
- New search for: Yeo, Gi-Tae
- New search for: Jeon, Jun-Woo
- New search for: Duru, Okan
- New search for: Yeo, Gi-Tae
This paper investigates the cyclical nature of container shipping market represented by a containerized freight index and proposes a predictive cyclical model of the market. In contrast to the traditional spectral analysis (univariate), system dynamics reflect the drivers of the market in both supply and demand side, and therefore, it is a multi-variate system equilibrium approach consisting of various causal spillovers from sub-components of the market. This study is the first to analyze the cycle of container market using system dynamics. By utilizing system dynamics cyclicality approach, one-step ahead predictions are generated for monthly containerized freight index and compared to conventional benchmarks for post-sample validation. Our study can also help policymakers and shipping liners for better management and invest timing of container ship.
Document information
Modelling cyclic container freight index using system dynamics
Maritime Policy & Management ; 47 , 3 ; 287-303
2020-04-02
17 pages
Article (Journal)
Electronic Resource
English
Similar titles
Modelling Global Container Freight Transport Demand
| Springer Verlag | 2014
Modelling freight wagon dynamics
| Tema Archive | 2004
Modelling freight wagon dynamics
| British Library Conference Proceedings | 2004
Freight Container Unloading System
| NTIS | 1975
FRAME FOR CONTAINER FREIGHT CAR AND CONTAINER FREIGHT CAR
| European Patent Office | 2020