Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy
This paper investigates the problem of containership sailing speed and fleet deployment optimization in an intercontinental liner shipping network. Under the consideration of the time value of container cargo, three kinds of impact of sailing speed changes on long legs of each liner route are analys...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2020-01-01
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| Series: | Journal of Advanced Transportation |
| Online Access: | http://dx.doi.org/10.1155/2020/4103275 |
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| _version_ | 1832547078410076160 |
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| author | Hualong Yang Yuwei Xing |
| author_facet | Hualong Yang Yuwei Xing |
| author_sort | Hualong Yang |
| collection | DOAJ |
| description | This paper investigates the problem of containership sailing speed and fleet deployment optimization in an intercontinental liner shipping network. Under the consideration of the time value of container cargo, three kinds of impact of sailing speed changes on long legs of each liner route are analysed, and a time-based freight rate strategy is proposed. Then, the optimization problem is formulated as a mixed-integer nonlinear programming. Its goal is to maximize the total profits of a container liner shipping. To find the optimal solution to the model and improve the efficiency of model solution, a discretization algorithm is proposed. Numerical results verify the applicability of the proposed model and the efficiency of the algorithm. In addition, the time-based freight rate strategy is able to achieve more profit compared to a fixed freight rate strategy. |
| format | Article |
| id | doaj-art-52aea2a769ba4108a35dccc0eb79760b |
| institution | Kabale University |
| issn | 0197-6729 2042-3195 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Advanced Transportation |
| spelling | doaj-art-52aea2a769ba4108a35dccc0eb79760b2025-02-03T06:46:09ZengWileyJournal of Advanced Transportation0197-67292042-31952020-01-01202010.1155/2020/41032754103275Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate StrategyHualong Yang0Yuwei Xing1College of Transportation Engineering, Dalian Maritime University, Dalian 116026, ChinaCollege of Transportation Engineering, Dalian Maritime University, Dalian 116026, ChinaThis paper investigates the problem of containership sailing speed and fleet deployment optimization in an intercontinental liner shipping network. Under the consideration of the time value of container cargo, three kinds of impact of sailing speed changes on long legs of each liner route are analysed, and a time-based freight rate strategy is proposed. Then, the optimization problem is formulated as a mixed-integer nonlinear programming. Its goal is to maximize the total profits of a container liner shipping. To find the optimal solution to the model and improve the efficiency of model solution, a discretization algorithm is proposed. Numerical results verify the applicability of the proposed model and the efficiency of the algorithm. In addition, the time-based freight rate strategy is able to achieve more profit compared to a fixed freight rate strategy.http://dx.doi.org/10.1155/2020/4103275 |
| spellingShingle | Hualong Yang Yuwei Xing Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy Journal of Advanced Transportation |
| title | Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy |
| title_full | Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy |
| title_fullStr | Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy |
| title_full_unstemmed | Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy |
| title_short | Containerships Sailing Speed and Fleet Deployment Optimization under a Time-Based Differentiated Freight Rate Strategy |
| title_sort | containerships sailing speed and fleet deployment optimization under a time based differentiated freight rate strategy |
| url | http://dx.doi.org/10.1155/2020/4103275 |
| work_keys_str_mv | AT hualongyang containershipssailingspeedandfleetdeploymentoptimizationunderatimebaseddifferentiatedfreightratestrategy AT yuweixing containershipssailingspeedandfleetdeploymentoptimizationunderatimebaseddifferentiatedfreightratestrategy |