Budgeting maintenance dredging projects under uncertainty to improve the inland waterway network performance
Khatereh Ahadi,
Kelly M. Sullivan and
Kenneth Ned Mitchell
Transportation Research Part E: Logistics and Transportation Review, 2018, vol. 119, issue C, 63-87
Abstract:
We model the problem of budgeting and selecting inland maintenance dredging projects to maximize the value of commodities that can be transported without disruption through the inland waterway system. We develop a heuristic to solve our stochastic optimization model and demonstrate that, by incorporating uncertainty in the amount of reactive (i.e., emergency) dredging, our model yields improved solutions as compared to related deterministic optimization models in the literature. We apply our model to provide a detailed analysis of U.S. waterway network.
Keywords: Maritime transportation; Inland waterways; Maintenance dredging; Optimization (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:119:y:2018:i:c:p:63-87
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DOI: 10.1016/j.tre.2018.08.013
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