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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