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.
| Original language | English |
|---|---|
| Pages (from-to) | 701-714 |
| Number of pages | 14 |
| Journal | Transportation Research Part E: Logistics and Transportation Review |
| Volume | 48 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Jan 2012 |
| Externally published | Yes |
Keywords
- Bunker
- Container liner shipping
- Outer-approximation
- Sailing speed
ASJC Scopus subject areas
- Business and International Management
- Transportation
- Management Science and Operations Research