EconPapers    
Economics at your fingertips  
 

Maritime inventory routing with transshipment: the case of Yamal LNG

Mingyu Li (), Kjetil Fagerholt () and Peter Schütz ()
Additional contact information
Mingyu Li: Norwegian University of Science and Technology
Kjetil Fagerholt: Norwegian University of Science and Technology
Peter Schütz: Norwegian University of Science and Technology

Flexible Services and Manufacturing Journal, 2023, vol. 35, issue 1, No 10, 269-294

Abstract: Abstract The LNG-ADP problem is a tactical planning problem for creating an annual delivery program (ADP) for a liquefied natural gas (LNG) producer. An ADP specifies the departure dates of the LNG carriers as well as the delivery dates at the different customers for a period of 12–18 months. The problem can be formulated as maritime inventory routing problem, as it is an important requirement to plan the deliveries such that inventory levels are kept within minimum and maximum limits at the customers as well as the LNG production facility. Inspired by the case of Yamal LNG, we propose a novel discrete-time formulation for the LNG-ADP problem with transshipment and intermediate storage. Our formulation also allows for waiting at the unloading ports. The problem is solved using a rolling horizon heuristic (RHH) for a case based on the Yamal LNG project. We study the impact of different RHH configurations on run time and solution quality. The results show that using a central period that is shorter than the forecast period provides the best objective function, whereas a central period that is longer than the forecast period improves run time. We also explore the effect of allowing waiting at the unloading ports. Waiting does not necessarily improve the objective function value, despite increasing the solution space. However, we observe a reduction in run time for instances where waiting is allowed.

Keywords: Maritime inventory routing; Transshipment; LNG-ADP (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10696-022-09476-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:flsman:v:35:y:2023:i:1:d:10.1007_s10696-022-09476-5

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10696

DOI: 10.1007/s10696-022-09476-5

Access Statistics for this article

Flexible Services and Manufacturing Journal is currently edited by Hans Günther

More articles in Flexible Services and Manufacturing Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-20
Handle: RePEc:spr:flsman:v:35:y:2023:i:1:d:10.1007_s10696-022-09476-5