An optimization model for container inventory management

Mark Ching Pong Poo; Tsz Leung Yip

doi:10.1007/s10479-017-2708-8

An optimization model for container inventory management

Mark Ching Pong Poo, Tsz Leung Yip

Research output: Journal article publication › Journal article › Academic research › peer-review

16 Citations (Scopus)

Abstract

The objective is to reduce the disequilibrium of laden and empty containers. This paper first provides a literature review with the emphasis on the shipping scheduling and modelling of ECR. Second, a network model has been designed to find the optimum size of ship servicing a particular region. A simply ECR policy is tested to demonstrate an essential impact on the profit of a container transport system. With the aid of this heuristic shipping model, ECR is integrated with the tramp ship routing problem under dynamic condition.

Original language	English
Pages (from-to)	1-21
Number of pages	21
Journal	Annals of Operations Research
DOIs	https://doi.org/10.1007/s10479-017-2708-8
Publication status	Accepted/In press - 15 Nov 2017

Keywords

Artificial bee colony algorithm
Container inventory management
Empty container repositioning

ASJC Scopus subject areas

General Decision Sciences
Management Science and Operations Research

More information

10.1007/s10479-017-2708-8

Cite this

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KW - Empty container repositioning

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An optimization model for container inventory management

Abstract

Keywords

ASJC Scopus subject areas

More information

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