15th Triennial International Conference
Dynamic Planning for Flexible Port Infrastructure after Panama Canal Expansion: A Real Case Study
Publication: Ports 2019: Port Planning and Development
ABSTRACT
This paper presents a study carried out to first assess the impact of the Panama Canal expansion (PCE) on selected Caribbean ports, and thereafter, to examine how the ports can adapt in order to seize new opportunities created by the expansion. An applied case of long-term dynamic planning and flexibility in engineering design is presented for a new port terminal in Barranquilla, Colombia. Furthermore, this paper presents the results of a stochastic method for quantifying opportunities from containerized traffic using dynamic forecasting, real options analysis, and Monte Carlo simulation, within the framework and spirit of adaptive port planning under uncertainty.
Get full access to this article
View all available purchase options and get full access to this chapter.
REFERENCES
Clarksons Research. (2017). Deployment shifts on the new Locks Transpacific. Retrieved from http://www.clarksons.net/archive/imagelib/2017-07-28_upload_7747907_SIW1282.png
De Neufville, R., & Scholtes, S. (2011). Flexibility in engineering design. Cambridge: MIT Press.
De Neufville, R., Scholtes, S., & Wang, T. (2006). Real Options by Spreadsheet: Parking Garage Case Example. Journal of Infrastructure Systems, 12(2), 107–111. https://doi.org/10.1061/(ASCE)1076-0342(2006)12:2(107)
IMF. (2016). World Economic Outlook. International Monetary Fund. Retrieved from https://www.imf.org/external/pubs/ft/weo/2016/01/
PIANC. (2014a). Report No. 150-2014 “Sustainable port” A guide for port authorities. Brussels.
PIANC. (2014b). Report No. 158-2014 Masterplans for the development of existing ports. Brussels.
Rivey, D. (2007). A Practical Method for Incorporating Real Options Analysis into US Federal Benefit-Cost Analysis Procedures. Massachusetts Insitute of Technology. Retrieved from http://ardent.mit.edu/real_options/Real_opts_papers/rivey_thesis.pdf
Soto Reyes, O. I. (2017). Adaptive port planning and the impact of Panama Canal expansion on Caribbean ports - A real case study in Barranquilla, Colombia. UNESCO-IHE.
Taneja, P. (2013). The Flexible Port. Technische Universiteit Delft. Retrieved from http://repository.tudelft.nl
Woxenius, J., Roso, V., & Lumsden, K. (2004). The Dry Port Concept – Connecting Seaports with their Hinterland by Rail. Retrieved from http://www.pol.gu.se/digitalAssets/1344/1344857_2004_iclsp_dalian_wox-ros-lum.pdf
Information & Authors
Information
Published In
Ports 2019: Port Planning and Development
Pages: 287 - 300
Editors: Pooja Jain, Moffatt & Nichol and William S. Stahlman III, America's Central Port
ISBN (Online): 978-0-7844-8262-9
Copyright
© 2019 American Society of Civil Engineers.
History
Published online: Sep 12, 2019
Published in print: Sep 12, 2019
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.