Vessel Scheduling and Refueling in Liner Shipping: Modeling Transport of Perishable Assets with a Collaborative Agreement

Li De-chang (), Hua-long Yang () and Wei Song ()
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Li De-chang: Transportation Engineering College, Dalian Maritime University
Hua-long Yang: Transportation Engineering College, Dalian Maritime University
Wei Song: Transportation Engineering College, Dalian Maritime University

A chapter in LISS 2020, 2021, pp 567-581 from Springer

Abstract: Abstract Attracting new customers and consolidation to form stronger alliances are the widely used strategies by liner shipping companies, which have made some positive impact. Liner shipping companies may incur substantial customer defection without a proper design of vessel schedules for the transportation of perishable assets. This paper proposes a novel mixed integer non-linear mathematical model for the vessel scheduling and refueling strategy problem about transportation of perishable assets with an efficient collaborative agreement in a liner shipping route, which minimizes the total route service cost and clearly simulates the decay of perishable assets on board. The original mixed integer nonlinear model is linearized by a set of piecewise linear secant approximations, and CPLEX is used to solve the linearized mathematical model. A number of numerical experiments are conducted for the AEU6 liner shipping route, served by the CHINA COSCO SHIPPING GROUP liner shipping company. Some insights from numerical experiments are provided in the end.

Keywords: Liner shipping schedules; Collaborative agreement; Perishable assets; Optimization model; Refueling strategy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4359-7_40

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DOI: 10.1007/978-981-33-4359-7_40

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