Highlights Propose the concept of transit-time-sensitive demand. Containership schedule with transit-time-sensitive demand. Branch-and-bound based ε-optimal solution methodology.

    Abstract This paper examines the optimal containership schedule with transit-time-sensitive demand that is assumed to be a decreasing continuous function of transit time. A mixed-integer nonlinear non-convex optimization model is first formulated to maximize the total profit of a ship route. In view of the problem structure, a branch-and-bound based holistic solution method is developed. It is rigorously demonstrated that this solution method can obtain an ε-optimal solution in a finite number of iterations for general forms of transit-time-sensitive demand. Computational results based on a trans-Pacific liner ship route demonstrate the applicability and efficiency of the solution method.


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    Title :

    Containership scheduling with transit-time-sensitive container shipment demand


    Contributors:
    Wang, Shuaian (author) / Meng, Qiang (author) / Liu, Zhiyuan (author)


    Publication date :

    2013-04-12


    Size :

    16 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English