A multi-scenario model for empty container repositioning with uncertain demand
Massimo Di Francesco,
Michela Lai and
Paola Zuddas
International Journal of Services and Operations Management, 2014, vol. 19, issue 2, 212-228
Abstract:
This paper investigates the maritime repositioning of empty containers when their demand is uncertain. It involves moving empty containers from import-dominant ports to export-dominant ports in anticipation of future demands. In order to consider demand uncertainty, the problem is addressed by a stochastic programming approach, in which different scenarios are included in a multi-scenario optimisation model and explicitly linked by non-anticipativity conditions. Numerical experiments are carried out to show which benefits are obtained by multi-scenario solutions with respect to their deterministic counterparts, which consider only one point forecast for each uncertain parameter.
Keywords: maritime transport services; operations management; scenarios; empty container repositioning; optimisation modelling; stochastic programming; empty containers; uncertain demand; ports; shipping containers; demand uncertainty. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsoma:v:19:y:2014:i:2:p:212-228
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