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|Title:||Sailing speed optimization for container ships in a liner shipping network|
Container liner shipping
|Citation:||Wang, S., Meng, Q. (2012-05). Sailing speed optimization for container ships in a liner shipping network. Transportation Research Part E: Logistics and Transportation Review 48 (3) : 701-714. ScholarBank@NUS Repository. https://doi.org/10.1016/j.tre.2011.12.003|
|Abstract:||This paper first calibrates the bunker consumption - sailing speed relation for container ships using historical operating data from a global liner shipping company. It proceeds to investigate the optimal sailing speed of container ships on each leg of each ship route in a liner shipping network while considering transshipment and container routing. This problem is formulated as a mixed-integer nonlinear programming model. In view of the convexity, non-negativity, and univariate properties of the bunker consumption function, an efficient outer-approximation method is proposed to obtain an ε-optimal solution with a predetermined optimality tolerance level ε. The proposed model and algorithm is applied to a real case study for a global liner shipping company. © 2012 Elsevier Ltd.|
|Source Title:||Transportation Research Part E: Logistics and Transportation Review|
|Appears in Collections:||Staff Publications|
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