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Published in: Optimization and Engineering 4/2018

05-04-2018

Reoptimization framework and policy analysis for maritime inventory routing under uncertainty

Authors: Yachao Dong, Christos T. Maravelias, Norman F. Jerome

Published in: Optimization and Engineering | Issue 4/2018

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Abstract

We study a maritime inventory routing problem, in which shipments between production and consumption nodes are carried out by a fleet of vessels. The vessels have specific capacities and can be chartered under different agreements. The inventory levels of all consumption nodes and some production nodes should be maintained within specified bounds; for the remaining production nodes, orders should be picked up within pre-defined time windows. We propose a discrete-time mixed-integer programming model. In the face of new information and uncertainty, this optimization model has to be re-solved, as the horizon is rolled forward. We discuss how to account for different sources of uncertainty. We present a rolling-horizon reoptimization framework that allows us to study different policies that impact the quality of the implemented solution, so we can identify the optimal set of policies.

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Appendix
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Metadata
Title
Reoptimization framework and policy analysis for maritime inventory routing under uncertainty
Authors
Yachao Dong
Christos T. Maravelias
Norman F. Jerome
Publication date
05-04-2018
Publisher
Springer US
Published in
Optimization and Engineering / Issue 4/2018
Print ISSN: 1389-4420
Electronic ISSN: 1573-2924
DOI
https://doi.org/10.1007/s11081-018-9383-8

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