Dynamic determination of vessel speed and selection of bunkering ports for liner shipping under stochastic environment

OR Spectrum

Volumn 36, Issue 2, 2014, Pages 455-480

  Sheng, Xiaoming ^a   Lee, Loo Hay ^a   Chew, Ek Peng ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

Bunker consumption rate; Bunker prices; Liner shipping; Rolling horizon; Scenario tree generation; Vessel speed

Indexed keywords

EID: 84908887354     PISSN: 01716468     EISSN: 14366304     Source Type: Journal    
DOI: 10.1007/s00291-012-0316-1     Document Type: Article

References (17)

1. Baker KR (1977) An experimental study of the effectiveness of rolling schedules in production planning. Decis Sci 8(1):19–27
2. Besbes O, Savin S (2009) Going bunkers: the joint route selection and refueling problem. Manuf Serv Oper Manag 11(4):694–711
3. Dougherty J, Kohavi R, Sahami M (1995) Supervised and unsupervised discretization of continuous features. In: Machine learning-international workshop then conference. Morgan Kaufmann Publishers, Inc, pp 194–202
4. Dupačová J, Gröwe-Kuska N, Römisch W (2003) Scenario reduction in stochastic programming. Math Program 95(3):493–511
5. Growe-Kuska N, Heitsch H, Romisch W (2003) Scenario reduction and scenario tree construction for power management problems. In: Power tech conference proceedings, vol 3. 2003 IEEE Bologna, IEEE
6. Heitsch H, Römisch W (2003) Scenario reduction algorithms in stochastic programming. Comput Optim Appl 24(2):187–206
7. Heitsch H, Römisch W (2009) Scenario tree reduction for multistage stochastic programs. Comput Manag Sci 6(2):117–133
8. Kotsiantis S, Kanellopoulos D (2006) Discretization techniques: a recent survey. GESTS Int Trans Comput Sci Eng 32(1):47–58
9. Maersk (2010) Super slow steaming customer presentation. http://shippersassociation.org/ihsa/NewsLetterItems/MaerskSteaming.pdf. Accessed 15 Feb 2011
10. Mulvey JM, Rosenbaum DP, Shetty B (1997) Strategic financial risk management and operations research. Eur J Oper Res 97(1):1–16
11. Notteboom TE, Vernimmen B (2009) The effect of high fuel costs on liner service configuration in container shipping. J Transp Geogr 17(5):325–337
12. Oh HC, Karimi IA (2010) Operation planning of multiparcel tankers under fuel price uncertainty. Ind Eng Chem Res 49(13):6104–6114
13. Perakis AN, Papadakis N (1987) Fleet deployment optimization models. Part 1. Marit Policy Manag 14(2):127–144
14. Perakis AN, Papadakis N (1987) Fleet deployment optimization models. Part 2. Marit Policy Manag 14(2):145–155
15. Ronen D (1982) The effect of oil price on the optimal speed of ships. J Oper Res Soc 33(11):1035–1040
16. Ronen D (2011) The effect of oil price on containership speed and fleet size. J Oper Res Soc 62(1):211–216
17. Yao Z, Ng SH, Lee LH (2012) A study on bunker fuel management for the shipping liner services. Comput Oper Res 39(5):1160–1172