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Multi-objective Optimization for Liner Shipping Fleet Repositioning

  • Conference paper
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Evolutionary Multi-Criterion Optimization (EMO 2017)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 10173))

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Abstract

The liner shipping fleet repositioning problem (LSFRP) is a central optimization problem within the container shipping industry. Several approaches exist for solving this problem using exact and heuristic techniques, however all of them use a single objective function for determining an optimal solution. We propose a multi-objective approach based on a simulated annealing heuristic so that repositioning coordinators can better balance profit making with cost-savings and environmental sustainability. As the first multi-objective approach in the area of liner shipping routing, we show that giving more options to decision makers need not be costly. Indeed, our approach requires no extra runtime than a weighted objective heuristic and provides a rich set of solutions along the Pareto front.

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Notes

  1. 1.

    A single TEU represents one twenty foot container, with two TEU representing the commonly found forty foot container.

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Acknowledgements

Christian Grimme and Heike Trautmann acknowledge support from the European Center for Information Systems (ERCIS).

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Correspondence to Kevin Tierney .

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Tierney, K., Handali, J., Grimme, C., Trautmann, H. (2017). Multi-objective Optimization for Liner Shipping Fleet Repositioning. In: Trautmann, H., et al. Evolutionary Multi-Criterion Optimization. EMO 2017. Lecture Notes in Computer Science(), vol 10173. Springer, Cham. https://doi.org/10.1007/978-3-319-54157-0_42

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  • DOI: https://doi.org/10.1007/978-3-319-54157-0_42

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-54156-3

  • Online ISBN: 978-3-319-54157-0

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