Please use this identifier to cite or link to this item: https://doi.org/10.1109/TSMCA.2008.2010754
Title: Two-stage stochastic integer programming model for multiperiod sea cargo mix problem in container shipping industry
Authors: Ang, J.S.K. 
Cao, C.
Parlar, M.
Ye, H.-Q.
Keywords: Container shipping industry
Heuristic algorithm (HA)
Sea cargo mix
Two-stage stochastic integer program
Issue Date: 2009
Source: Ang, J.S.K., Cao, C., Parlar, M., Ye, H.-Q. (2009). Two-stage stochastic integer programming model for multiperiod sea cargo mix problem in container shipping industry. IEEE Transactions on Systems, Man, and Cybernetics Part A:Systems and Humans 39 (2) : 460-465. ScholarBank@NUS Repository. https://doi.org/10.1109/TSMCA.2008.2010754
Abstract: In this paper, we consider the cargo mix problem under uncertainty in the container shipping industry. We seek to determine the optimal cargo mix in a multiperiod planning horizon with the objective of maximizing the total expected profit derived from all freight bookings received in the planning horizon. We present a two-stage stochastic integer programming model and propose a heuristic algorithm for multiperiod sea cargo mix problem under uncertainty. Finally, numerical experiments on a wide range of randomly generated problem instances are conducted to demonstrate the efficiency of the algorithm. © 2008 IEEE.
Source Title: IEEE Transactions on Systems, Man, and Cybernetics Part A:Systems and Humans
URI: http://scholarbank.nus.edu.sg/handle/10635/44064
ISSN: 10834427
DOI: 10.1109/TSMCA.2008.2010754
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