Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/71990
Title: On measuring the effect of demand uncertainty on costs: an application to port terminals
Authors: Rodríguez Álvarez, Ana
Tovar de la Fe, Beatriz 
Wall, Alan
UNESCO Clasification: 531212 Transportes y comunicaciones
Keywords: Terminales portuarias
Costes
Issue Date: 2009
Journal: Documentos de trabajo FUNCAS 
Abstract: A recent survey found that 40 per cent of the vessels arrive later than planned, so demand uncertainty is a salient feature of port terminal activity. Terminals facing greater demand uncertainty and who wish to cater for this will incur extra costs to avoid the risk that shipping companies replace them. We estimate a short-run cost function using data on three Spanish port terminals which includes demand uncertainty as a regressor. We find that demand uncertainty has a significant effect on costs and we quantify this. Not taking demand uncertainty into account may lead to port terminals’ efficiency being underestimated.
URI: http://hdl.handle.net/10553/71990
ISSN: 1988-8767
Source: Documentos de Trabajo FUNCAS[ISSN 1988-8767] (472), p. 1
URL: http://dialnet.unirioja.es/servlet/articulo?codigo=3049389
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