Stochastic Optimization of Empty Container Repositioning of Sea Carriage

Abstract:

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To improve the efficiency of empty container repositioning for a shipping company, a stochastic optimization model of empty container repositioning of sea carriage was established by chance-constrained programming. The objective function was to minimize the cost of empty container repositioning including shipping, rening and shortage cost. In the model, shipping cost was decided by the number of ship used for empty container repositioning. The constraints of the model included meeting the need of empty containers, limit to the number of empty containers provided and the capacity of shipping. The numbers of empty containers required are stochastic. The stochastis model was transferred to an integer programming one. Lingo9.0 was used to solve the model and simulation was done under varied parameters to get a good shipping strategy. The results show that the model can provide an effective program of empty container repositioning for a shipping company and it is a good way to raise shipping efficiency.

Info:

Periodical:

Edited by:

Honghua Tan

Pages:

324-330

DOI:

10.4028/www.scientific.net/AMR.340.324

Citation:

B. Wang and T. Yang, "Stochastic Optimization of Empty Container Repositioning of Sea Carriage", Advanced Materials Research, Vol. 340, pp. 324-330, 2012

Online since:

September 2011

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Price:

$35.00

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