The marine shipping capacity option contract decision problem has been discussed in this paper. Considering the empty container repositioning cost, the optimal decision model of the carriers and the forwarders for shipping capacity contract are established separately. We find that the carrier's expect profit is a concave function of the reservation price and the execution price. And that the forwarders expect profit is a concave function of option reservation quantity. Interestingly, we also find that both the carrier and forwarder's decision are affected by empty container reposition cost, and both of them have optimal decisions and profits in different situations.
展开▼