Article
A game-theoretic approach to evaluating the competitiveness of container carriers in the Northeast Asian shipping market
Purpose – In times of increasing shipping risks and uncertainty, this paper aims to analyze
fiercely competitive shipping markets in the Asia-Pacific region and helps the carriers
develop the optimal pricing schemes, shipping networks (e.g., routes and shipping
frequency), and future investment plans.
Design/methodology/approach – This paper develops viable maritime logistics strategies
based on the non-cooperative game theory which determines the optimal vessel size/type,
shipping route, and shipping frequency, while taking into account multiple cost
components and unpredictable shipping market dynamics.