Topic: Transportation?Firms?Provide?Services???????????????????????????????????????????????????????????????????????????????????
Speaker：Prof. Talley?Wayne?Kenneth, Old?Dominion?University
Time: 2020/11/25 13:30-15:00? (GMT+8) 中国标准时间
Tencent Meeting ID: 612 752 717 ?
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Abstract:
1. A?freight?transportation?firm?differs?from?a?manufacturing?firm?that?produces?a?physical?product?at?a?single?location?whereas?a?freight?transportation?firm?provides?a?service?of?transporting?shipper?cargo?from?an?origin?location?to?a?destination?location.?
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2. For?a?freight?transportation?service?to?occur?both?the?user?of?the?freight?transportation?service?and?the?provider?of?the?freight?transportation?service?must?be?involved?in?its?provision.?That?is?to?say,?the?shipper?(the?user)?must?be?willing?to?provide?cargo?to?the?freight?transportation?firm?for?transport?from?and?the?freight?transportation?firm?(the?provider)?must?be?willing?to?transport?the?cargo?received?from?the?shipper?from?an?origin?location?to?a?destination?location.?
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3. Services?have?four?characteristics?that?distinguish?them?from?physical?products:
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a)?A?service?is?intangible?–?it?cannot?be?seen,?touched,?smelt?or?tasted?when?provided?(as?opposed?to?a?physical?product?when?produced).?
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b) A?service?is?heterogenous?since?its?quality?can?vary?when?provided?(as?opposed?to?a?physical?product?whose?quality?should?not?vary?when?produced).?
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c) A?service?is?perishable?–?i.e.,?a?service?cannot?be?saved?if?not?used?when?provided.?For?example,?when?a?freight?ship?departs?a?port?with?cargo?for?another?port,?this?freight?trip?between?the?two?ports?cannot?be?saved?for?the?transport?cargo?in?the?future?between?the?two?ports.?
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d) A?service?has?the?characteristic?of?simultaneity?between?the?user?of?a?service?and?the?provider?of?a?service,?i.e.,?the?user?of?a?service?and?the?provider?of?a?service?together?create?the?service.??For?example,?In?the?provision?of?freight?transportation?service,?the?shipper?provides?cargo?to?the?freight?transportation?firm?to?provide?freight?transportation?service?for?his?cargo?and?the?freight?transportation?firm?provides?resources?to?transport?the?cargo?received?from?the?shipper.?If?either?the?shipper?or?the?freight?transportation?service?firm?provider?of?freight?transportation?service?is?not?willing?to?do?so,?a?freight?transportation?service?will?not?occur.?However,?in?the?production?of?a?physical?product,?only?the?producer?of?the?physical?product?is?involved?in?its?production).??
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4.?Qualities?of?freight?transportation?services?have?been?described?in?the?transportation?literature?as?the?operating?options?of?freight?transportation?firms.?The?operating?options,?for?example,???include,?for?example:?a)?speed?of?movement?in?the?transportation?of?cargo,?b)?frequency?of?freight?transportation?service?(i.e.,?how?often?a?transportation?service?is?provided?over?a?given?route),?c)?reliability?of?freight?transportation?service?(i.e.,?adhering?to?deliver?schedules)?and?d)?likelihood?that?the?cargo?will?be?damaged?or?lost?while?being?transported,?etc.??
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5.?Freight?transportation?service?has?often?been?measured?in?ton-miles?–?where?a?ton-mile?is?the?multiplication?of?a?ton?cargo?being?transported?one?mile.?However,?the?ton-mile?is?a?problematic?measure?of?freight?transportation?service?when?used?to?investigate?the?costs?of?transport?freight?transportation?services,?since??different?amounts?of?the?same?type?of?cargo??can?be?transported?different?distances?to?generate?the?same?number?of?ton-miles?that?incur?different?transportation?costs.?For?example,?1,000?tons?of?cargo?transported?one?mile?generates?1,000?ton-miles?of?freight?transportation?services?as?does?10?tons?of?the?same?type?of?cargo?being?transported?100?miles.?However,?the?transportation?costs?incurred?by?the?transportation?firm?under?the?two?scenarios?are?expected?to?be?significantly?different.??
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6.?A?freight?transportation?firm?is?technically?efficient?when?it?adheres?to?its?economic?production?function?in?the?provision?of?freight?transportation?service.
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7.?A?freight?transportation?firm’s?economic?production?function?relates?the?maximum?amount?of?freight?transportation?service?that?can?be?provided?by?the?freight?transportation?firm?as?a?function?of?the?amount?of?cargo?received?by?the?firm?for?transport?and?the?amounts?of?the?resources??utilized?by?the?firm?in?the?provision?of?freight?transportation??service.
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8.?A?freight?transportation?firm?is?cost?efficient?when?it?adheres?to?its?economic?cost?function?in?the?provision?of?freight?transportation?service.
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9.?A?freight?transportation?firm’s?economic?cost?function?relates?the?minimum?cost?to?be?incurred?by?a?freight?transportation?firm?in?providing?freight?transportation?service?in?transporting?shipper?cargo?as?a?function?of?the?amount?of?shipper?cargo?received?by?the?freight?transportation?firm?for?transport,?the?prices?paid?for?the?resources?used?by?the?freight?transportation?firm?in?the?provision?of?freight?transportation?service?for?the?shipper?cargo?received?for?transport?and?the?freight?transportation?service?provided?by?the?freight?transportation?firm?for?the??shipper?cargo?received.?
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10. ?The?demand?for?freight?transportation?service?by?shippers?in?the?transportation?of?their?cargoes?from?origin?locations?to?destination?locations?is?a?function?of?two?prices:?1)??the?transportation?price?(or?rate)?charged?by?the?freight?transportation?firm?to?the?shipper?for?the?transportation?service?provided?by?the?firm?in?transporting?the?shipper’s?cargo?from?origin?locations?to?destination?locations?and?2)??the?shipper’s?logistics?price?that?or?the?inventory?costs?incurred?by?the?shipper’s?cargo??while?being?transported.?
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11. ?Operating?Objectives?of?Transportation?firms?(to?be?discussed)
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Bio:
Wayne?K.?Talley,?Ph.D.
Executive?Director,?International?Maritime,
Ports?and?Logistics?Management?Institute
Graduate?Program?Director,?M.S.?in?Maritime?Trade
and?Supply?Chain?Management
Professor?of?Maritime?and?Supply?Chain?Management
Frederick?W.?Beazley?Chair?Professor?of?Economics
Eminent?Scholar
Strome?College?of?Business
Old?Dominion?University
Norfolk,?Virginia?U.S.A.?
--109?referred?articles?in?journals?and?edited-books
--13?scholarly?books??
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--?International?Onassis?Prize?in?Shipping?2018,?Co-Recipient
--?Senior?Hanjin?Shipping?Prize,?1998
--?Distinguished?Visitor,?Institute?of?Transport?Studies,?Graduate?School?of?Business,?The?University?of?Sydney,?Australia,?1997??
--?Visiting?Fellow,?Transport?Studies?Unit,?Oxford?University,?Oxford,?UK,?1983.
--?Honorary?Visiting?Professor,?2005?--
The?Costas?Grammenos?International
Centre?for?Shipping,?Trade?and?Finance,
Cass?Business?School
City?University,?London,?U.K.
Annual?Distinguished?Research?Award,?U.S.?Transportation?Research?Forum,?2013.?
President?2014
Transportation?and?Public?Utilities?Group
American?Economic?Association/
Allied?Social?Science?Associations
Conference?Chair?and?Host
2014?International?Association?of?Maritime?Economists?Conference
Norfolk,?Virginia,?U.S.A.
The?"First"?Editor-in-Chief?of?Transportation?Research?Part?E:?The?Logistics?and?Transportation?Review?--?following?the?purchase?by?Elsevier?of?"The?Logistics?and?Transportation?Review"?journal?from?the?University?of?British?Columbia.
Currently,?Honorary?Editor-in-Chief
Transportation?Research?Part?E:
The?Logistics?and?Transportation?Review
Currently,?Associate?Editor,?Journal?of?Business?Logistics
Co-Editor-in-Chief?(Co-Founder)?2020
Maritime?Transport?Research?(Elsevier?Journal)