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Liner container seasonal shipping revenue management
journal contribution
posted on 2023-05-19, 00:28 authored by Wang, Y, Meng, Q, Yuquan DuThis paper proposes a liner container seasonal shipping revenue management problem for a container shipping company. For a given weekly multi-type shipment demand pattern in a particular season, the proposed problem aims to maximize the total seasonal shipping profit by determining the number of multi-type containers to be transported and assigned on each container route, the number of containerships deployed on each ship route, and the sailing speed of containerships on each shipping leg subject to both the volume and capacity constraints of each containership. By adopting the realistic bunker consumption rate of a containership as a function of its sailing speed and payload (displacement), we develop a mixed-integer nonlinear programing with a nonconvex objective function for the proposed liner container seasonal shipping revenue management problem. A tailored branch and bound (B&B) method is designed to obtain the global ε-optimal solution of the model. Numerical experiments are finally conducted to assess the efficiency of the solution algorithm and to show the applicability of the developed model.
History
Publication title
Transportation Research. Part B: MethodologicalVolume
82Pagination
141-161ISSN
0191-2615Department/School
Australian Maritime CollegePublisher
Pergamon PressPlace of publication
United KingdomRights statement
Copyright 2015 Elsevier Ltd.Repository Status
- Restricted