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Open AccessArticle

The Origin and Consistency of the Ton–Mile Metric in the Shipping Economics

Department of Maritime Administration, Texas A&M University at Galveston, Galveston, TX 77553, USA
Academic Editors: Ted T. C. Lirn and Jong-Khil Han
Logistics 2017, 1(1), 3; https://doi.org/10.3390/logistics1010003
Received: 25 October 2016 / Revised: 31 January 2017 / Accepted: 14 February 2017 / Published: 21 February 2017
The aim of this paper is to investigate an underpinning of the conventional maritime economics, supply-demand framework, and measurement of shipping services in particular. The ton–mile metric is frequently employed as a measure of demand in both academia and professional readings. On the other hand, the ton–mile measurement approach has various drawbacks and inconsistencies that are thought to be negligible or simply ignored. The incompleteness of the ton–mile metric approach, which is usually taken as granted, is discussed in terms of its origin and historical presence in the literature. Assumptions behind the approach are investigated, and practical limitations are revisited. View Full-Text
Keywords: ton–mile metric; shipping services; supply-demand framework ton–mile metric; shipping services; supply-demand framework
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Duru, O. The Origin and Consistency of the Ton–Mile Metric in the Shipping Economics. Logistics 2017, 1, 3.

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