Please use this identifier to cite or link to this item:
https://doi.org/10.1016/j.tre.2010.12.005
DC Field | Value | |
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dc.title | A scenario-based dynamic programming model for multi-period liner ship fleet planning | |
dc.contributor.author | Meng, Q. | |
dc.contributor.author | Wang, T. | |
dc.date.accessioned | 2014-06-17T05:28:36Z | |
dc.date.available | 2014-06-17T05:28:36Z | |
dc.date.issued | 2011-07 | |
dc.identifier.citation | Meng, Q., Wang, T. (2011-07). A scenario-based dynamic programming model for multi-period liner ship fleet planning. Transportation Research Part E: Logistics and Transportation Review 47 (4) : 401-413. ScholarBank@NUS Repository. https://doi.org/10.1016/j.tre.2010.12.005 | |
dc.identifier.issn | 13665545 | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/58930 | |
dc.description.abstract | This paper proposes a more realistic multi-period liner ship fleet planning problem for a liner container shipping company than has been studied in previous literature. The proposed problem is formulated as a scenario-based dynamic programming model consisting of a number of integer linear programming formulations for each single planning period, and the model can be solved efficiently by a shortest path algorithm on an acyclic network. A numerical example is carried out to illustrate the applicability of the proposed model and solution method. The numerical results show that chartering in ships may not always be a better policy for a long-term planning horizon though it is much cheaper than buying ships in the short-term. Purchasing ships seems to be a more profitable investment in the long run. © 2010 Elsevier Ltd. | |
dc.description.uri | http://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.tre.2010.12.005 | |
dc.source | Scopus | |
dc.subject | Dynamic programming model | |
dc.subject | Integer linear programming model | |
dc.subject | Multi-period liner ship fleet planning | |
dc.subject | Scenario decision tree | |
dc.type | Article | |
dc.contributor.department | CIVIL & ENVIRONMENTAL ENGINEERING | |
dc.description.doi | 10.1016/j.tre.2010.12.005 | |
dc.description.sourcetitle | Transportation Research Part E: Logistics and Transportation Review | |
dc.description.volume | 47 | |
dc.description.issue | 4 | |
dc.description.page | 401-413 | |
dc.identifier.isiut | 000288839200001 | |
Appears in Collections: | Staff Publications |
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