A Cost-Transit Time Choice Model: Monomodality vs. Intermodality
University of Pisa Economics Working Paper No. 2004-47
24 Pages Posted: 4 May 2005
Date Written: 2004
A cost-transit time choice model: monomodality vs. intermodality. The Mediterranean and Italy are scenarios suited to consolidation of hub and spokes networks. The question is: are terrestrial spokes serious competitors of maritime spokes?
This paper highlights the limits of the Italian rail system and favourably considers the development of short sea-shipping.
In this context, the final user's point of view may be crucial.
We therefore propose a "cost-transit time choice model" for choice of the best intermodality for the final user, considering the differences in unit costs, transit time, final user's opportunity costs and the value of commodities transported in the container.
The model is tested on several legs from the Gioa Tauro hub port to various Italian destinations. If suitably complicated, the model can be utilized for regulatory purposes.
Keywords: unit transport costs, transit time, choice model, feeder, intermodal, immobilisation cost, Mediterranean, Italy
JEL Classification: L100
Suggested Citation: Suggested Citation