A study of chartering decisions of LPG shippers based on system dynamics

SUN Jia-qing,TANG Li-min,WANG Cheng-wu,WANG Jun-bo

Journal of Dalian Maritime University ›› 2013, Vol. 39 ›› Issue (1) : 89-92.

PDF(536 KB)
PDF(536 KB)
Journal of Dalian Maritime University ›› 2013, Vol. 39 ›› Issue (1) : 89-92.
Original Paper

A study of chartering decisions of LPG shippers based on system dynamics

  • SUN Jia-qing1,TANG Li-min1,WANG Cheng-wu2,WANG Jun-bo1
Author information +
History +

Abstract

A system dynamic model of demand-supply-price is proposed to analyze the operation and response mechanisms of the shipping market. Through simulating five different chartering decisions of shippers, the paper finally finds the best object of chartering ships for the cargo owners. Results show that the SD model is suitable for long-term forecast of LPG charter market development trend ,which provides a new idea for research of LPG charter decision-making model.

Key words

liquefied petroleum gas (LPG) ship / shipping market / system dynamic / cargo owner / charter

Cite this article

Download Citations
SUN Jia-qing,TANG Li-min,WANG Cheng-wu,WANG Jun-bo. A study of chartering decisions of LPG shippers based on system dynamics[J]. Journal of Dalian Maritime University. 2013, 39(1): 89-92

References

[1] ENGELEN S, NOROUZZADEH P, DULLAERT W, et al. Multifractal features of spot rates in the liquid petroleum gas shipping market[J]. Energy Policy, 2011(33):88-89. [2]丁少恒,蔡德洪.近年LPG市场分析及未来市场需求预测[J].石油商技,2009(5):74-81. DING Shao-heng,CAI De-hong. LPG market analysis and forecast the future market demand In recent years[J]. Petroleum Products Application Research,2009(5):74-81.(in Chinese) [3]朱宁.对国内液化气水运市场情况的调查[J].国际石油经济,2007(11):16-21. ZHU Ning. Market survey of the domestic water transport of liquefied petroleum[J].International Petroleum Economics Monthly, 2007(11):16-21.(in Chinese) [4]尹海.国内液化石油气水运市场分析与展望[J].国际石油经济,2004(8):45-49. YIN Hai. The analysis and prospect of domestic lpg water transportation market [J].International Petroleum Economics Monthly, 2004(8):45-49.(in Chinese) [5]李纲.我国LPG航运市场分析与船队发展研究[D].大连:大连海事大学,2000. LI Gang. The analysis of China’s LPG shipping market and the research of fleet development [D]. Dalian: Dalian Maritime University,2000.(in Chinese) [6] WU Jung-Hua, HUANG Yi-Lung, LIU Chang-Chen. Effect of floating pricing policy: An application of system dynamics on oil market after liberalization[J]. Energy Policy, 2011(39):4235-4252. [7]金雁,赵耀.油船运价的SD-ARCH模型研究[J].华中科技大学学报:自然科学版,2008(3):111-113. JIN Yan, ZHAO Yao. Research of SD-ARCH model for oil tanker freight rate[J]. Journal of Huazhong University of Science and Technology: Nature Science,2008(3):111-113.(in Chinese) [8]李红启,刘鲁.公路快速货运企业系统动力学模型及其应用[J],系统工程,2007(4):30-36. LI Hong-qi,LIU Lu. A system dynamics model of highway fast freight transportation enterprises and its application[J].Systems Engineering,2007(4):30-36.(in Chinese) [9]殷惠,张庆年.水路货物运输系统动力学研究[J],水运管理,2007(5):14-17. YIN Hui, ZHANG Qing-nian,Research of systems dynamics on waterway transportation of cargo[J]. Shipping Management,2007(5):14-17.(in Chinese) [10]王雯霞.我国LPG水运市场现状需求分析及建议[J].中国港口,2008(5):89-90. WANG Wen-xia. Demand analysis and recommendations of status quo of LPG waterway market in China[J].China Ports,2008(5):89-90.(in Chinese)
PDF(536 KB)

Accesses

Citation

Detail

Sections
Recommended

/