2026-09-19T05:15:13Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/333392026-06-06T01:03:43Zcom_1721.1_7582com_1721.1_7581com_1721.1_101402col_1721.1_131023col_1721.1_101610
Chris Caplice.
Pálsson, Sigurjón
Massachusetts Institute of Technology. Engineering Systems Division.
Massachusetts Institute of Technology. Engineering Systems Division
2006-07-13T15:16:33Z
2006-07-13T15:16:33Z
2005
2005
http://hdl.handle.net/1721.1/33339
62392015
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2005.
Includes bibliographical references (leaves 80-83).
How can financial tools like real options and hedging mitigate and create value from uncertainty in transportation? This paper describes these concepts and identifies research on them that has relevance to transportation. It then gives historical background of the containerized ocean transportation industry, uses Porter's five forces to explain its dynamics, and explains how contracts are set up and managed. It identifies areas within containerized ocean transportation that could benefit from real options and hedging, claiming that recent deregulation is creating opportunities for innovative thought. It gives examples of how real options are already being used in the industry to create flexibility without having any price attached to them and then comes up with new ideas of using them. It concludes by, first, stating that both shippers and carriers can benefit from managing uncertainty together and, second, suggesting future areas of research.
by Sigurjón Pálsson.
M.Eng. in Logistics
86 leaves
4859194 bytes
4862739 bytes
application/pdf
application/pdf
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.
http://dspace.mit.edu/handle/1721.1/7582
Engineering Systems Division.
Creating value from uncertainty : a study of ocean transportation contracting
Thesis
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