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Document Type

Article Restricted

Publication Date

2016

Journal Title

Transportation Research Part E

Issue Number

88

First Page

1

Last Page

10

Abstract

Ports provide services rather than producing physical products. However, port cost functions specify port cost as functions of physical products, e.g., port cargo throughput long-run cost is a function of port resource prices and cargo throughput (a physical product). In comparison, port cargo service long-run cost is a function of port resource prices, cargo service and shipper cargo received. The shipper provides cargo that is serviced by the port. A service cannot be touched and its user is involved in its provision. This paper derives port cost functions for which port outputs are ‘‘service outputs”, e.g., cargo, vessel and vehicle services.

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