Combining Speed and Routing Decisions in Maritime Transportation

Christos A. Kontovas, Harilaos N. Psaraftis, Min Wen

    Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

    Abstract

    We present recent results on the problem of combining ship speed and routing decisions. Speed is a key determinant of the economic and the environmental performance affecting variables such as trip duration, fuel costs, and air emissions, among others. It is seen that inputs such as fuel cost, ship charter costs and cargo inventory costs may impact both speed and routing decisions. We develop models that optimize speed for a spectrum of routing scenarios and we use a heuristic method to solve them. Some examples are presented so as to illustrate the various trade-offs that are involved.
    Original languageEnglish
    Publication date2014
    Number of pages1
    Publication statusPublished - 2014
    EventConference of the International Federation of Operational Research Societies. - Barcelona International Convention Center, Barcelona, Spain
    Duration: 13 Jul 201418 Jul 2014
    Conference number: 20

    Conference

    ConferenceConference of the International Federation of Operational Research Societies.
    Number20
    LocationBarcelona International Convention Center
    CountrySpain
    CityBarcelona
    Period13/07/201418/07/2014

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