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|Title:||Containership scheduling with transit-time-sensitive container shipment demand|
Conic quadratic mixed-integer programming
|Source:||Wang, S., Meng, Q., Liu, Z. (2013-08). Containership scheduling with transit-time-sensitive container shipment demand. Transportation Research Part B: Methodological 54 : 68-83. ScholarBank@NUS Repository. https://doi.org/10.1016/j.trb.2013.04.003|
|Abstract:||This paper examines the optimal containership schedule with transit-time-sensitive demand that is assumed to be a decreasing continuous function of transit time. A mixed-integer nonlinear non-convex optimization model is first formulated to maximize the total profit of a ship route. In view of the problem structure, a branch-and-bound based holistic solution method is developed. It is rigorously demonstrated that this solution method can obtain an ε-optimal solution in a finite number of iterations for general forms of transit-time-sensitive demand. Computational results based on a trans-Pacific liner ship route demonstrate the applicability and efficiency of the solution method. © 2013 Elsevier Ltd.|
|Source Title:||Transportation Research Part B: Methodological|
|Appears in Collections:||Staff Publications|
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