Production and Cost Functions and Their Application to the Port Sector

Production and Cost Functions and Their Application to the Port Sector
Author: Lourdes Trujillo
Publisher: World Bank Publications
Total Pages: 32
Release: 2003
Genre: Costos de produccion
ISBN:

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Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions require in-depth knowledge of firms' cost structure. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analyzed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators. This paper--a product of the Finance and Private Sector Development Division, World Bank Institute--is part of a larger effort in the institute to provide policy-relevant material to infrastructure regulators and policymakers.

Production and Cost Functions and Their Application to the Port Sector

Production and Cost Functions and Their Application to the Port Sector
Author: Beatriz Tovar
Publisher:
Total Pages: 32
Release: 2016
Genre:
ISBN:

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Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions require in-depth knowledge of firms' cost structure. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analyzed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators.This paper - a product of the Finance and Private Sector Development Division, World Bank Institute - is part of a larger effort in the institute to provide policy-relevant material to infrastructure regulators and policymakers.

A Multioutput Cost Function for Port Terminals

A Multioutput Cost Function for Port Terminals
Author: Lourdes Trujillo
Publisher: World Bank Publications
Total Pages: 27
Release: 2003
Genre: Docks
ISBN:

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Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-Díaz, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task. This paper--a product of the Infrastructure Vice Presidency--is part of a larger effort in the vice presidency to promote analytical work on the economic analysis of the sector.

Production and Cost Functions

Production and Cost Functions
Author: Erkin Bairam
Publisher: Routledge
Total Pages: 140
Release: 2018-04-27
Genre: Social Science
ISBN: 1351768913

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This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.

A Multioutput Cost Function for Port Terminals

A Multioutput Cost Function for Port Terminals
Author: Beatriz Tovar
Publisher:
Total Pages: 27
Release: 2016
Genre:
ISBN:

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Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-Diacute;az, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task.This paper - a product of the Infrastructure Vice Presidency - is part of a larger effort in the vice presidency to promote analytical work on the economic analysis of the sector.

Port Economics

Port Economics
Author: Kevin Cullinane
Publisher: Elsevier
Total Pages: 259
Release: 2006-06-22
Genre: Business & Economics
ISBN: 0080460070

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A port (or seaport) is a place that provides for the vessel transfer of cargo and passengers to and from waterways and shores. Port economics is concerned with the study of the economics of port services. Users of port services are those that utilize the port as part of the transportation process of moving cargo and passengers to and from origin and destination locations. Users include transportation carrriers such as shipping lines, railroads and trucking firms that perform these movements and shippers and individuals that provide the cargo and themselves as passengers to be transported. Port users demand port services, whereas port service providers such as the port terminal operator supply port services to port users. Port economics and shipping economics comprise the branch of economics known as maritime economics. This volume provides original contributions to the study of port economics: 1) the evolution of port economics; 2) economic theories of the port, port cost functions and port investment; and 3) empirical evidence on the relative efficiency of ports, the impact of ports on international maritime transport costs, the competitiveness of ports and the impact of deregulation on dockworker wages. *Provides original contributions to the study of port economics *Examines the evolution of port economics, economic theories of the port, and emprical evidence on the relative efficiency of ports, the impact of ports on transport costs, and the competitiveness of ports

Devolution, Port Governance and Port Performance

Devolution, Port Governance and Port Performance
Author: Mary R Brooks
Publisher: Elsevier
Total Pages: 701
Release: 2006-11-13
Genre: Business & Economics
ISBN: 0080467075

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The relationship between ports and governments has changed profoundly over the past quarter of a century. Many governments have sought to extract themselves from the business of port operations and, in many cases, the provision of port services has devolved to local governments, communities or private management and administration. As such devolution implies a change in governance model, this trend raises questions about consequent performance. This issue examines the changed port management environment, focusing particularly on government policies such as devolution, regulatory reform and newly imposed governance models, all of which have exerted a significant influence over the nature of that changed environment. The issue is structured so as to first explore the devolution and port reform approaches for 14 countries or regions, before examining how ports are governed and what the choice of governance might mean for their performance. Part I introduces the issue, and provides a framework for defining the basic concepts involved in devolution; it paints a picture of the current port environment, its likely future evolution and the expected impact this will have on the functioning of ports. Part II examines the port industry in 14 countries or administrations, and presents the thinking behind any devolution programs that have been implemented. Part III focuses on port governance and devolution generally, and examines governance from both strategic management and economics perspectives, including topics such as governance models, supranational governance and stakeholder conflict. Part IV examines the measurement of port performance and closes by providing conclusions and a future research agenda. This issue will be of interest to port managers, government officials and academics alike. *Examines the relationship between ports and governments with a focus on devolution *Divided into sections that provide an overview, evaluate the port industry, disucss port governance, and suggest new measures of port performance *14 countries or regions are addressed

Cost and Production Functions

Cost and Production Functions
Author: R.W. Shephard
Publisher: Springer
Total Pages: 106
Release: 2014-10-05
Genre: Business & Economics
ISBN: 9783642515798

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This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc tion and their market prices.

Port Operations, Planning and Logistics

Port Operations, Planning and Logistics
Author: Khalid Bichou
Publisher: CRC Press
Total Pages: 294
Release: 2014-04-16
Genre: Law
ISBN: 1317912705

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Port Operations, Planning and Logistics offers detailed analysis of world port systems by applying both theoretical and practical (managerial) approaches to port operations, management and policy. The author draws from a rare combination of extensive cross-management professional experience and established multidisciplinary academic expertise to provide a structured publication that cuts across different research fields; economics, engineering, operations, technology, management, strategy and policy. The book explores various port topics including ICT and technology applications, investment and financing, pricing and asset management, contracts regulations, safety security and environmental management. Each is supported with case studies and practical examples of the latest developments in the field.

Container Shipping Services and Their Impact on Container Port Competitiveness

Container Shipping Services and Their Impact on Container Port Competitiveness
Author: Wei Yim Yap
Publisher: ASP / VUBPRESS / UPA
Total Pages: 597
Release: 2009
Genre: Container industry
ISBN: 9054876468

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Introducing a new methodology for measuring competitiveness in shipping ports, this analysis provides policy makers, industry practitioners, and academics with a pragmatic approach to the peculiarities of large ports around the world. Using quantitative measures as well as holistic and cultural considerations, the manual describes the general workings of the container port and shipping industry and provides in-depth case studies of ports in Southeast Asia, the Pearl River Delta, the Yangtze River Delta, and Northwest Europe.