Forecasting Empty Container Volumes

Authors

Rafael Diaz, Virginia Modeling, Analysis, and Simulation Center, Old Dominion UniversityFollow
Wayne Talley, Old Dominion UniversityFollow
Mandar Tulpule

Document Type

Article

Publication Date

2011

DOI

10.1016/S2092-5212(11)80010-6

Publication Title

The Asian Journal of Shipping and Logistics

Volume

27

Issue

2

Pages

217-236

Abstract

The accumulation and repositioning of empty containers have become acute problems for container ports and are expected to intensify in the future given the expected growth in trade imbalances among trading nations. These problems are major costs and operational challenges for container ports. More accurate forecasting of volumes of port empty containers will enable container ports to develop more cost efficient plans for the repositioning of empty containers. This paper compares the Tioga Group, United Nations and Winters method (utilizing empty container volumes of three U.S. container ports) in forecasting volumes of port empty containers. The Winters method is found to provide more accurate forecasts of volumes of port empty containers than the Tioga Group and United Nations methods.

Comments

Per publisher website, published under a Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) license (https://creativecommons.org/licenses/by-nc-nd/4.0/.)

Open Access funded by The Korean Association of Shipping and Logistics, Inc.

Original Publication Citation

Diaz, R., Talley, W., & Tupule, M. (2011). Forecasting empty container volumes. The Asian Journal of Shipping and Logistics, 27(2), 217-236. doi:10.1016/S2092-5212(11)80010-6

Repository Citation

Diaz, Rafael; Talley, Wayne; and Tulpule, Mandar, "Forecasting Empty Container Volumes" (2011). Economics Faculty Publications. 2.
https://digitalcommons.odu.edu/economics_facpubs/2