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Maaritime Economics, Externality problems in shipping
Economics first contribution to all the above problems is its ability to decipher the problem. It allows individuals to assess and measure the added costs related to these industries in order to equip policy makers with adequate knowledge to carry this out (Ofiara and Seneca, 2000). Through knowledge emanating from economics, it will be possible for those entities to make primary agents bear the costs of carrying out their activities.On a general level, economics shows how negative
Pages: 7 (1750 words), Essay
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Mechanisms for Effective and Efficient Airport Cargo Export and Import Operations: A Logistics Perspective
This airport also allows for transshipment between local and international carriers as well as connections involving an airline’s domestic with the international services (Horonjeff et al. The establishment of the hub airports has contributed significantly towards international trade. For example, Dubai is an airport that provides links between Europe and Asia while at the same time acting as a regional distribution center for the Middle East.The hub and the spoke system also act as
Pages: 5 (1250 words), Essay
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Mechanisms for Effective and Efficient Airport Cargo Export and Import Operations: A Logistics Perspective
This has therefore necessitated the need for investment in better air logistics.For air cargo logistics to be effective, these players require the cooperation and services of each other. Each involved party has a precise role to play and when each party satisfactorily plays its part, the resultant air cargo logistics operations will be effective. Out of the several players, the cargo terminals remain central to the air cargo logistics chain (Logistics Management Staff, 2014). This is because
Pages: 4 (1000 words), Essay
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Maritime Finance and Business Modelling
The results can be used by the manager in setting the optimum prices in the future, which would be in the interest of both the business owners and the consumers (Roberts, 2011).By its nature, this technique only takes into consideration the linear relationship between variables, an assumption that is sometimes not correct. For instances, the method fails to identify that some variables have a curved relationship. In addition, linear regression only takes into consideration the mean of the
Pages: 7 (1750 words), Essay
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Motoreays of the sea improve access to markets throughout Europe
This does not imply that this was impossible before the implementation of the “motorways of the sea”. However, it simply means that the shipping industry will become more efficient and reliable. As a result producers will be able to get products to various parts of Europe with minimal restriction (Forte &Grimaldi 2013, p. The economies of some of the countries that are affected by “motorways of the sea” depend on the shipping industry. These countries include Greece, Italy, and
Pages: 6 (1500 words), Essay
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