The structure of the market in the Greek Italian sea transportation: a theoretical and empirical investigation

Goulielmos, Alexander M.; Gatzoli, Niki

doi:10.1504/ijosm.2009.030183

Cited by 2 publications

(2 citation statements)

References 3 publications

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“…The most familiar form of "innovative" pricing is the diversification of fares according to the reporting period (e.g. peak pricing) (Goulielmos and Gatzoli, 2008).…”

Section: Implementation Proposal and Methodologymentioning

confidence: 99%

“…In these cases, marginal cost (MC) is below the average cost (AC) and fixed cost (FC) is high (Train, 1994). The fact that GCS is an industry of strong economies of scale has been demonstrated, and we'll take that for granted (Centre of planning and economic research -CPER), 1992; Goulielmos and Sitzimis, 2014;Goulielmos and Gatzoli, 2008). In addition, there are economies of scale in all kinds of vessels (e.g.…”

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An Implementation Proposal of Innovative Pricing in Greek Coastal Shipping

Sitzimis

2021

OJBE

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Greek coastal shipping is an industry which passed from the state regulatory interference to market forces. Its fare structure (tariff) was based on average (or total) cost and distance was the representative cost variable. As it is an industry facing strong economies of scale, average cost is higher than marginal cost. This means that companies equalizing prices to marginal cost, following Pareto–efficient allocation of resources, are driven to losses and are forced to seek other methods of efficient pricing policy. The purpose of this article is to examine the implementation of “innovative” pricing in Greek coastal shipping. “Innovative” pricing contains applicable measures in order to increase ticket prices in “peak” periods without affecting the level of quality, the number of passengers and the market share. The analysis results show that average fare will not necessarily raise. Ticket increases may be accompanied by quantitative discounts in periods of low demand. In these cases, “season tickets” can be applied.

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“…The most familiar form of "innovative" pricing is the diversification of fares according to the reporting period (e.g. peak pricing) (Goulielmos and Gatzoli, 2008).…”

Section: Implementation Proposal and Methodologymentioning

confidence: 99%

mentioning

confidence: 99%

An Implementation Proposal of Innovative Pricing in Greek Coastal Shipping

Sitzimis

2021

OJBE

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Reliability-based optimisation for offshore structures using saddlepoint approximation

Meng

et al. 2020

Proceedings of the Institution of Civil Engineers - Maritime En

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Offshore structures have a long service life and involve high cost. However, the working environment of offshore structures is harsh. When an accident occurs, it causes an adverse social impact and economic loss. Therefore, in the design process of offshore structures, in order to enhance their safety, this is an important problem that needs attention. Reliability-based design and optimisation (RBDO) using saddlepoint approximation (SA) is a powerful method to enhance the reliability of offshore structures. The SA utilises a cumulant generating function and saddlepoint to approximately express the probability density function and cumulative distribution function of a limit-state function. To further improve the accuracy of reliability evaluation in RBDO with SA, in this study, a mean-value second-order SA (MVSOSA) is introduced. A RBDO with MVSOSA strategy is proposed for the design problem of a wellhead platform. An engineering case study illustrates the application of the proposed method.

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The structure of the market in the Greek Italian sea transportation: a theoretical and empirical investigation

Cited by 2 publications

References 3 publications

An Implementation Proposal of Innovative Pricing in Greek Coastal Shipping

An Implementation Proposal of Innovative Pricing in Greek Coastal Shipping

Reliability-based optimisation for offshore structures using saddlepoint approximation

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