Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits

Carriers and freight forwarders (FFs) play several roles in ensuring the effective flow of goods delivery. They are tasked with accommodating the shippers’ needs in transporting goods via containers, following the carrier’s ship destination plan. In practice, FFs often experience overbook and un...

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Autores principales:	Budisantoso Wirjodirdjo, Akhmad Ghiffary Budianto, Alain Widjanarka, I Nyoman Pujawan, Iffan Maflahah
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Indonesia 2021
Materias:	average profit carrier collaboration direct sell freight forwarder Technology T Technology (General) T1-995
Acceso en línea:	https://doaj.org/article/e0cde305b4b548d8883bf172475d19b9
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spelling	oai:doaj.org-article:e0cde305b4b548d8883bf172475d19b92021-12-02T17:41:43ZCarrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits2086-96142087-210010.14716/ijtech.v12i4.4413https://doaj.org/article/e0cde305b4b548d8883bf172475d19b92021-10-01T00:00:00Zhttps://ijtech.eng.ui.ac.id/article/view/4413https://doaj.org/toc/2086-9614https://doaj.org/toc/2087-2100Carriers and freight forwarders (FFs) play several roles in ensuring the effective flow of goods delivery. They are tasked with accommodating the shippers’ needs in transporting goods via containers, following the carrier’s ship destination plan. In practice, FFs often experience overbook and underbook capacity toward the capacity limit for shipping goods. This has consequently increased FF costs. However, for the carrier, this will increase profits. The aim of this study is to develop strategies for carriers and FFs using a mathematical model approach to obtain the optimal quantity of booking shipping capacity; thus, overbooks or underbooks can be minimized. More broadly, this study also proposes several strategies to increase the profits of all parties, both for FFs through collaboration and for carriers by directly selling marketing shipping capacity to shippers. Optimum booking quantity for goods delivery from each FF is performed through the particle swarm optimization (PSO) approach. Using four FF collaboration scenarios, the model test results yield a profit of $121,270, 2.14% more than the non-collaboration scenarios with a profit of $119,169. The carrier generated an average profit of $39,926 when the FF did not collaborate. Conversely, when the FFs collaborated, the carrier experienced a decline of –1.88% on average profit, which was $39,175. However, if the carrier responds with direct selling, the profit will increase by 9.36%, which is $42,840. It is concluded that collaboration can increase the profits of FFs but reduce the profits of carriers, while direct selling can increase the carrier’s profits.Budisantoso WirjodirdjoAkhmad Ghiffary BudiantoAlain WidjanarkaI Nyoman PujawanIffan MaflahahUniversitas Indonesiaarticleaverage profitcarriercollaborationdirect sellfreight forwarderTechnologyTTechnology (General)T1-995ENInternational Journal of Technology, Vol 12, Iss 4, Pp 876-886 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	average profit carrier collaboration direct sell freight forwarder Technology T Technology (General) T1-995
spellingShingle	average profit carrier collaboration direct sell freight forwarder Technology T Technology (General) T1-995 Budisantoso Wirjodirdjo Akhmad Ghiffary Budianto Alain Widjanarka I Nyoman Pujawan Iffan Maflahah Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
description	Carriers and freight forwarders (FFs) play several roles in ensuring the effective flow of goods delivery. They are tasked with accommodating the shippers’ needs in transporting goods via containers, following the carrier’s ship destination plan. In practice, FFs often experience overbook and underbook capacity toward the capacity limit for shipping goods. This has consequently increased FF costs. However, for the carrier, this will increase profits. The aim of this study is to develop strategies for carriers and FFs using a mathematical model approach to obtain the optimal quantity of booking shipping capacity; thus, overbooks or underbooks can be minimized. More broadly, this study also proposes several strategies to increase the profits of all parties, both for FFs through collaboration and for carriers by directly selling marketing shipping capacity to shippers. Optimum booking quantity for goods delivery from each FF is performed through the particle swarm optimization (PSO) approach. Using four FF collaboration scenarios, the model test results yield a profit of $121,270, 2.14% more than the non-collaboration scenarios with a profit of $119,169. The carrier generated an average profit of $39,926 when the FF did not collaborate. Conversely, when the FFs collaborated, the carrier experienced a decline of –1.88% on average profit, which was $39,175. However, if the carrier responds with direct selling, the profit will increase by 9.36%, which is $42,840. It is concluded that collaboration can increase the profits of FFs but reduce the profits of carriers, while direct selling can increase the carrier’s profits.
format	article
author	Budisantoso Wirjodirdjo Akhmad Ghiffary Budianto Alain Widjanarka I Nyoman Pujawan Iffan Maflahah
author_facet	Budisantoso Wirjodirdjo Akhmad Ghiffary Budianto Alain Widjanarka I Nyoman Pujawan Iffan Maflahah
author_sort	Budisantoso Wirjodirdjo
title	Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
title_short	Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
title_full	Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
title_fullStr	Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
title_full_unstemmed	Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits
title_sort	carrier and freight forwarders strategies to utilize the immobile shipping capacity of freight forwarders and maximize profits
publisher	Universitas Indonesia
publishDate	2021
url	https://doaj.org/article/e0cde305b4b548d8883bf172475d19b9
work_keys_str_mv	AT budisantosowirjodirdjo carrierandfreightforwardersstrategiestoutilizetheimmobileshippingcapacityoffreightforwardersandmaximizeprofits AT akhmadghiffarybudianto carrierandfreightforwardersstrategiestoutilizetheimmobileshippingcapacityoffreightforwardersandmaximizeprofits AT alainwidjanarka carrierandfreightforwardersstrategiestoutilizetheimmobileshippingcapacityoffreightforwardersandmaximizeprofits AT inyomanpujawan carrierandfreightforwardersstrategiestoutilizetheimmobileshippingcapacityoffreightforwardersandmaximizeprofits AT iffanmaflahah carrierandfreightforwardersstrategiestoutilizetheimmobileshippingcapacityoffreightforwardersandmaximizeprofits
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Carrier and Freight Forwarders Strategies to Utilize the Immobile Shipping Capacity of Freight Forwarders and Maximize Profits

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