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- Title
An optimization model for container inventory management.
- Authors
Poo, Mark Ching-Pong; Yip, Tsz Leung
- Abstract
This paper formulates the empty container repositioning (ECR) problem, which is one of the most important issues in the container shipping industry, by running a model to generate the service route of feeder shipping in a dynamic environment. The objective is to reduce the disequilibrium of laden and empty containers. This paper first provides a literature review with the emphasis on the shipping scheduling and modelling of ECR. Second, a network model has been designed to find the optimum size of ship servicing a particular region. A simply ECR policy is tested to demonstrate an essential impact on the profit of a container transport system. With the aid of this heuristic shipping model, ECR is integrated with the tramp ship routing problem under dynamic condition.
- Subjects
INVENTORY control; SHIPMENT of goods
- Publication
Annals of Operations Research, 2019, Vol 273, Issue 1/2, p433
- ISSN
0254-5330
- Publication type
Article
- DOI
10.1007/s10479-017-2708-8