Simulation-Based Performance Assessment Framework for Optimizing Port Investment
Publication: Journal of Waterway, Port, Coastal, and Ocean Engineering
Volume 147, Issue 4
Abstract
This paper demonstrated a new framework for port investment optimization that includes a three-stage process. First, a performance-based approach was applied to determine the margins of ship responses under external impacts and thereby establish operational safety policies. Second, a discrete event simulation model for assessing port performance was developed under various investment scenarios. A complex system of different underwater structures and port processes (such as access channel, water basin, anchorage area, tug usage, and mooring facility) was included in the model together with traffic rules and operational safety criteria. Finally, we generated optimal investment planning through cost strategy analysis. Our case study of Lien Chieu Port showed that the new framework is practical and effective in optimizing port investment by balancing between the port dimensions and cargo handling rates. The accuracy of the proposed approach could be further enhanced by introducing additional practical aspects of port operations into the simulation model.
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Acknowledgments
The authors are grateful to the National University of Construction Engineering (Vietnam), the University of British Columbia (Canada), and Portcoast Consultant Corporation of Vietnam for their administrative and financial supports. The authors are thankful to the National Institute for Land and Infrastructure Management (Japan), Japan Port Consultants, and Danang Port Authority (Vietnam) for their critical discussion and data used in this study.
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Published In
Journal of Waterway, Port, Coastal, and Ocean Engineering
Volume 147 • Issue 4 • July 2021
Copyright
© 2021 American Society of Civil Engineers.
History
Received: Jun 1, 2020
Accepted: Feb 12, 2021
Published online: Apr 28, 2021
Published in print: Jul 1, 2021
Discussion open until: Sep 28, 2021
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