Title
Two-Stage Stochastic Integer Programming Model for Multiperiod Sea Cargo Mix Problem in Container Shipping Industry
Abstract
In this paper, we consider the cargo mix problem under uncertainty in the container shipping industry. We seek to determine the optimal cargo mix in a multiperiod planning horizon with the objective of maximizing the total expected profit derived from all freight bookings received in the planning horizon. We present a two-stage stochastic integer programming model and propose a heuristic algorithm for multiperiod sea cargo mix problem under uncertainty. Finally, numerical experiments on a wide range of randomly generated problem instances are conducted to demonstrate the efficiency of the algorithm.
Year
DOI
Venue
2009
10.1109/TSMCA.2008.2010754
Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions
Keywords
Field
DocType
containerisation,freight containers,integer programming,logistics,planning,ships,stochastic programming,container shipping industry,freight booking,heuristic algorithm,multiperiod planning horizon,multiperiod sea cargo mix problem,optimal cargo mix,total expected profit maximization,two-stage stochastic integer programming model,Container shipping industry,heuristic algorithm (HA),sea cargo mix,two-stage stochastic integer program
Mathematical optimization,Job shop scheduling,Time horizon,Heuristic (computer science),Computer science,Operations research,Stochastic process,Capacity planning,Integer programming,Linear programming,Stochastic programming
Journal
Volume
Issue
ISSN
39
2
1083-4427
Citations 
PageRank 
References 
3
0.41
5
Authors
4
Name
Order
Citations
PageRank
JAMES S. K. ANG115012.04
Chengxuan Cao2102.57
Mahmut Parlar330.41
Hengqing Ye410012.30