Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/33821
Title: | Berth Allocation at Passenger Terminals Using Auctions |
Authors: | Giampouranis, Dimitrios K. Golias, Mihalis Theofanis, Sotirios Boilé, Maria |
Major Field of Science: | Engineering and Technology |
Field Category: | ENGINEERING AND TECHNOLOGY |
Keywords: | passenger marine terminals;berth scheduling |
Issue Date: | 1-Aug-2022 |
Source: | Journal of Marine Science and Engineering, vol.10, no.8, p.1-11, 2022 |
Volume: | 10 |
Issue: | 8 |
Start page: | 1 |
End page: | 11 |
Journal: | Journal of Marine Science and Engineering |
Abstract: | In this paper, we compare a multi-round, second-price, sealed-bid bundle auction and a single-item, sequential, second-price, sealed-bid auction for berth slot leasing for vessels (roll-on/roll-off passenger vessels and/or cruise ships) at a public marine terminal. The bundle auction mechanism is designed to maximize port operator profits by auctioning berth (time) slots in groups. The framework is tested using simulation by varying: the number of roll-on/roll-off passenger/cruise ship operating companies; the number of slots they bid for; and the mechanism design with regards to the winner determination, slot valuation, and max to min slot bid ratio among the bidders. The results indicate that neither auction type is a clear winner, and depending on the assumptions, a terminal operator should choose one over the other. The results from this study can be used by terminal operators, given their knowledge and/or assumptions on slot valuations and demand, to select a winner-determination policy and the minimum number of slots they allow players to bid for when designing the auction of their berth capacity to maximize their profits. |
URI: | https://hdl.handle.net/20.500.14279/33821 |
DOI: | 10.3390/jmse10081010 |
Type: | Article |
Affiliation : | University of Memphis The City College (University of York Europe) University of Piraeus |
Publication Type: | Peer Reviewed |
Appears in Collections: | Άρθρα/Articles |
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