Optimizing Liner Shipping Fleet Repositioning Plans

Business & Finance, Management & Leadership, Operations Research, Production & Operations Management
Cover of the book Optimizing Liner Shipping Fleet Repositioning Plans by Kevin Tierney, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kevin Tierney ISBN: 9783319176659
Publisher: Springer International Publishing Publication: June 16, 2015
Imprint: Springer Language: English
Author: Kevin Tierney
ISBN: 9783319176659
Publisher: Springer International Publishing
Publication: June 16, 2015
Imprint: Springer
Language: English

This monograph addresses several critical problems to the operations of shipping lines and ports, and provides algorithms and mathematical models for use by shipping lines and port authorities for decision support. One of these problems is the repositioning of container ships in a liner shipping network in order to adjust the network to seasonal shifts in demand or changes in the world economy. We provide the first problem description and mathematical model of repositioning and define the liner shipping fleet repositioning problem (LSFRP). The LSFRP is characterized by chains of interacting activities with a multi-commodity flow over paths defined by the activities chosen. We first model the problem without cargo flows with a variety of well-known optimization techniques, as well as using a novel method called linear temporal optimization planning that combines linear programming with partial-order planning in a branch-and-bound framework. We then model the LSFRP with cargo flows, using several different mathematical models as well as two heuristic approaches. We evaluate our techniques on a real-world dataset that includes a scenario from our industrial collaborator. We show that our approaches scale to the size of problems faced by industry, and are also able to improve the profit on the reference scenario by over US$14 million.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This monograph addresses several critical problems to the operations of shipping lines and ports, and provides algorithms and mathematical models for use by shipping lines and port authorities for decision support. One of these problems is the repositioning of container ships in a liner shipping network in order to adjust the network to seasonal shifts in demand or changes in the world economy. We provide the first problem description and mathematical model of repositioning and define the liner shipping fleet repositioning problem (LSFRP). The LSFRP is characterized by chains of interacting activities with a multi-commodity flow over paths defined by the activities chosen. We first model the problem without cargo flows with a variety of well-known optimization techniques, as well as using a novel method called linear temporal optimization planning that combines linear programming with partial-order planning in a branch-and-bound framework. We then model the LSFRP with cargo flows, using several different mathematical models as well as two heuristic approaches. We evaluate our techniques on a real-world dataset that includes a scenario from our industrial collaborator. We show that our approaches scale to the size of problems faced by industry, and are also able to improve the profit on the reference scenario by over US$14 million.

More books from Springer International Publishing

Cover of the book Business Statistics for Competitive Advantage with Excel 2016 by Kevin Tierney
Cover of the book Petroleum Geosciences: Indian Contexts by Kevin Tierney
Cover of the book Image Analysis by Kevin Tierney
Cover of the book Wind Field and Solar Radiation Characterization and Forecasting by Kevin Tierney
Cover of the book Let's Get Engaged! Crossing the Threshold of Marketing’s Engagement Era by Kevin Tierney
Cover of the book Engineering Geology for Society and Territory - Volume 3 by Kevin Tierney
Cover of the book Vulnerability, Childhood and the Law by Kevin Tierney
Cover of the book Silicene by Kevin Tierney
Cover of the book Education and Youth Agency by Kevin Tierney
Cover of the book Micropaleontology by Kevin Tierney
Cover of the book Advances in Artificial Intelligence by Kevin Tierney
Cover of the book Séminaire de Probabilités XLVIII by Kevin Tierney
Cover of the book Integrated Uncertainty in Knowledge Modelling and Decision Making by Kevin Tierney
Cover of the book Economic Models for Managing Cloud Services by Kevin Tierney
Cover of the book Fault Diagnosis and Fault-Tolerant Control Based on Adaptive Control Approach by Kevin Tierney
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy