Please use this identifier to cite or link to this item: https://doi.org/10.1007/s00291-005-0021-4
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dc.titleA heuristic to solve a sea cargo revenue management problem
dc.contributor.authorLee, L.H.
dc.contributor.authorChew, E.P.
dc.contributor.authorSim, M.S.
dc.date.accessioned2013-10-09T06:19:10Z
dc.date.available2013-10-09T06:19:10Z
dc.date.issued2007
dc.identifier.citationLee, L.H., Chew, E.P., Sim, M.S. (2007). A heuristic to solve a sea cargo revenue management problem. OR Spectrum 29 (1) : 123-136. ScholarBank@NUS Repository. https://doi.org/10.1007/s00291-005-0021-4
dc.identifier.issn01716468
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44226
dc.description.abstractIn this paper, we will introduce a heuristic to solve a single leg revenue management problem with postponement, arising from the sea cargo industry. Based on previous work, it was shown that the optimal policy to allocate the capacity of the ship is a threshold policy. Based on the sample average approximation method, we formulate a mixed integer linear programming problem to determine the stationary threshold policy. A heuristic (known as the perturbation approach) is proposed to solve the problem. From the numerical result, it is shown that our approach performs better than some of the methods used to solve the mixed-integer programming problem. © Springer-Verlag 2007.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1007/s00291-005-0021-4
dc.sourceScopus
dc.subjectRevenue management
dc.subjectSea cargo
dc.typeArticle
dc.contributor.departmentINDUSTRIAL & SYSTEMS ENGINEERING
dc.contributor.departmentDECISION SCIENCES
dc.description.doi10.1007/s00291-005-0021-4
dc.description.sourcetitleOR Spectrum
dc.description.volume29
dc.description.issue1
dc.description.page123-136
dc.identifier.isiut000241552100008
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