Abstract
International ocean container shipping is a huge investment business and carriers expect more benefits from improving the operational level cargo mix and shipment planning. In this paper, we describe the characteristics of the cargo mix and shipment schedule problem with uncertainty in a multi-period planning horizon, and propose a two-stage stochastic mixed integer programming model for the problem. The objective of the model is maximizing the expected profit over the possible decisions under the uncertainty of shipping capacities. A heuristic algorithm is proposed to obtain an approximate optimal solution for the problem. Finally, we give numerical experiments to demonstrate the efficiency of the algorithm.
Original language | English |
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Title of host publication | 2005 International Conference on Services Systems and Services Management, Proceedings of ICSSSM'05 |
Pages | 305-310 |
Number of pages | 6 |
Volume | 1 |
DOIs | |
Publication status | Published - 1 Dec 2005 |
Externally published | Yes |
Event | 2005 International Conference on Services Systems and Services Management, ICSSSM'05 - Chongquing, China Duration: 13 Jun 2005 → 15 Jun 2005 |
Conference
Conference | 2005 International Conference on Services Systems and Services Management, ICSSSM'05 |
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Country/Territory | China |
City | Chongquing |
Period | 13/06/05 → 15/06/05 |
Keywords
- Cargo mix
- Heuristic algorithm
- Logistics
- Stochastic mixed integer programming
ASJC Scopus subject areas
- General Engineering