Article ID Journal Published Year Pages File Type
524786 Transportation Research Part C: Emerging Technologies 2014 18 Pages PDF
Abstract

•Clarification of some important issues as regards ship speed optimization at the operational level.•Development of models that optimize ship speed for a spectrum of routing scenarios.•Clarification of concepts and misconceptions.•Incorporation of fundamental parameters that weigh heavily in speed and routing decisions.•Identification of properties of optimal solution.

The purpose of this paper is to clarify some important issues as regards ship speed optimization at the operational level and develop models that optimize ship speed for a spectrum of routing scenarios in a single ship setting. The paper’s main contribution is the incorporation of those fundamental parameters and other considerations that weigh heavily in a ship owner’s or charterer’s speed decision and in his routing decision, wherever relevant. Various examples are given so as to illustrate the properties of the optimal solution and the various trade-offs that are involved.

Related Topics
Physical Sciences and Engineering Computer Science Computer Science Applications
Authors
, ,