Estimating of the value of time of containerized cargo in Thailand | |
| Author | Aunchulee Thongsongkrit |
| Call Number | AIT Thesis no.TE-04-01 |
| Subject(s) | Cargo handling Freight and freightage--Thailand |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Civil Engineering |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. TE-04-01 |
| Abstract | Thailands international seaborne trade has been increasing steadily and rapidly, particularly during the past decade. That is one of the reasons, why the volumes of cargoes have been increasing every year. International cargoes which are transported in containers are mostly shipped by using land transport mode for domestic circulation and handled at public ports such as Laem Chabang Port (LCP). In many cost-benefit analyses, the main benefits from the infrastructure project are the saving of time, both for passengers and for freight transports. To facilitate the comparison of the timesaving for freight, as caused by the project, against other attributes, such as the investment cost. It is necessary to use a unit value of an hours saving of time to convert the savings in hours to a monetary saving, to recognize timesaving in an economic analysis. This unit value of time is a highly important numerical value, for the significant proportion of highway or railway improvement proposals cannot be economically justified without converting timesaving into monetary values. The factor used to make this conversion is called the value of time (VOT). This research attempts to study freight forwarders behaviors and the factors affecting their mode choice. In order to estimate the value of transporting time of containerized cargo, the Binary Logit model was developed. The analysis of the study revealed that only transport cost and time are important factors affecting the mode choice decision. The value of time of containerized cargo in Thailand is about 600 Baht/TEU/hour. It was also found from the study that to enhance the usage of freight rail transport, the aggregate elasticity technique was applied to predict the impacts if transport time or transport cost getting higher or lower. If the freight is not perishable, rail transport and inland waterway transport can play very important role in transferring the products in the cheaper way. Ministry of transport (MOT) should come forward to help the efficiency of low transport cost modes and improve these systems to make them more attractive to the private companies regarding by the law or enforcement. Nowadays, the price of petroleum products is rising and due to these it is anticipated that cost of shipment through trucks will go up and company may shift to rail or inland waterway option. |
| Year | 2005 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. TE-04-01 |
| Type | Thesis |
| School | School of Civil Engineering |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Transportation Engineering (TE) |
| Chairperson(s) | Hanaoka, Shinya; |
| Examination Committee(s) | Yordphol Tanaboriboon;Pannapa Herabat; |
| Scholarship Donor(s) | Royal Thai Government Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2005 |