Article ID Journal Published Year Pages File Type
1023612 Transportation Research Part E: Logistics and Transportation Review 2012 14 Pages PDF
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.

► Calibrate bunker consumption – sailing speed function. ► Model the sailing speed optimization problem with container routing. ► Develop an exact and efficient outer-approximation algorithm.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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