Chapter
Apr 26, 2012
A Dynamic Process Research for Fleet Planning Based on the Periodic Fluctuation of Shipping Market
Authors: Yajun Li [email protected], Chao Chen, Xiaoming Zhao, and Miao ZhangAuthor Affiliations
Publication: International Conference on Transportation Engineering 2007
Abstract
The shipping market is characterized by high fluctuation range and obvious periodicity which greatly influence the fleet planning. In this paper, a linear programming model is developed for one fleet to minimize the cost within a circle of shipping market. Then an optimal strategy for development can be obtained in three modes, namely, purchasing, charting and joint venture ships. Finally, a numerical test regarding a complete cycle is carried out to testify the validity of the model. Results show that the dynamic method based on the periodic variation of shipping market can successfully reduce the capital risk.
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© 2007 American Society of Civil Engineers.
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Published online: Apr 26, 2012
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ASCE Technical Topics:
- Benefit cost ratios
- Business management
- Business organizations
- Coasts, oceans, ports, and waterways engineering
- Computer programming
- Computing in civil engineering
- Engineering fundamentals
- Financial management
- Freight transportation
- Infrastructure
- Joint ventures
- Methodology (by type)
- Models (by type)
- Numerical methods
- Numerical models
- Organizations
- Practice and Profession
- Ships
- Transportation engineering
Authors
Affiliations
Transportation and Logistics College, Dalian Maritime University, Dalian, China, P.O.116026;. E-mail: [email protected]
Chao Chen
Transportation and Logistics College, Dalian Maritime University, Dalian, China, P.O.116026
Xiaoming Zhao
Transportation and Logistics College, Dalian Maritime University, Dalian, China, P.O.116026
Miao Zhang
Transportation and Logistics College, Dalian Maritime University, Dalian, China, P.O.116026
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