An epsilon-optimal algorithm considering greenhouse gas emissions for the management of a ship’s bunker fuel

Kim, Hwa-Joong; Chang, Young Tae; Kim, Kwang-Tae; Kim, Hyo-Jeong

doi:10.1016/j.trd.2011.10.001

Cited by 59 publications

(33 citation statements)

References 5 publications

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“…Leading shipping companies, therefore, attempt to respond to these environmental challenges. Numerous studies were conducted to suggest ways on how to mitigate the GHG emission [5,9,21]. However, very few studies in the literature attempt to identify the significant factors that motivate shipping firms to adopt GSP, except Lai et al [4].…”

Section: Drivers Influencing the Adoption Of Gspmentioning

confidence: 99%

“…Therefore, adoption of green shipping practices (GSP) is increasingly popularized by shipping companies [1][2][3]. To address the environmental issues of shipping industry, several researchers have conducted studies on improving and understanding the environmental aspects of the shipping industry [4][5][6][7][8][9]. A literature review on environmental sustainability in shipping [10] showed that increasing studies have been conducted in the last decade, whereas almost no studies existed prior to 2005.…”

Section: Introductionmentioning

confidence: 99%

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Green Shipping Practices of Shipping Firms

Chang¹,

Danao²

2017

Sustainability

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Abstract:The primary objective of this study is to provide an empirical research using structural equation modeling to identify the factors that motivate shipping firms to adopt green shipping practices (GSP). Furthermore, it also examines if adopting GSP can enhance the shipping firms' environmental and productivity performance. The findings show that shipping firms are motivated to adopt GSP mostly by industrial norms set by institutionalized associations. They are also motivated by customers' demand for environmental friendliness and their own strategy to make good image. Unlike our expectation, government regulations and international environmental laws are not significant in influencing shipping firms to adopt GSP. Moreover, adoption of green shipping practices can improve the environmental and productivity performance of the shipping firms.

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Section: Drivers Influencing the Adoption Of Gspmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Green Shipping Practices of Shipping Firms

Chang¹,

Danao²

2017

Sustainability

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“…The problem of speed optimization has been considered together with bunkering decisions in Yao et al (2012) and extended to the stochastic case through a scenario-based approach in Sheng et al (2014) and stochastic Kriging-based optimization in Quan et al (2013). Kim et al (2012) explicitly consider the emission aspect.…”

Section: Optimizing Maritime Logistics Via Simulationmentioning

confidence: 99%

Simulation Optimization: A Review and Exploration in the New Era of Cloud Computing and Big Data

Huang

Chen

et al. 2015

Asia Pac. J. Oper. Res.

165

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Recent advances in simulation optimization research and explosive growth in computing power have made it possible to optimize complex stochastic systems that are otherwise intractable. In the first part of this paper, we classify simulation optimization techniques into four categories based on how the search is conducted. We provide tutorial expositions on representative methods from each category, with a focus in recent developments, and compare the strengths and limitations of each category. In the second part of this paper, we review applications of simulation optimization in various contexts, with detailed discussions on health care, logistics, and manufacturing systems. Finally, we explore the potential of simulation optimization in the new era. Specifically, we discuss * Corresponding author. how simulation optimization can benefit from cloud computing and high-performance computing, its integration with big data analytics, and the value of simulation optimization to help address challenges in engineering design of complex systems.

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“…This gives an advantage in bunker purchasing, when a vessel has a stable schedule known for some months ahead. The regularity in the vessel schedules in liner shipping allows for detailed planning of a specific vessel, as considered in the works of Plum and Jensen (2007), Besbes and Savin (2009), Kim et al (2012), Kim (2014), Sheng et al (2014) and Yao et al (2012). These papers consider variants of a bunker optimization problem considering a single vessel.…”

Section: Literaturementioning

confidence: 99%

“…Yao et al (2012) does not consider stochastic elements nor tanks, but has vessel speed as an variable of the model. The work of Kim et al (2012) minimizes bunker costs as well as startup costs and inventory costs for a single liner shipping vessel. This is done by choosing bunker ports and bunker volumes but also having vessel roundtrip speed (and thus the number of vessels on the service) as an variable of the model; Kim (2014) presents a different algorithm for a similar problem scoping.…”

Section: Literaturementioning

confidence: 99%

Bunker Purchasing in Liner Shipping

Plum

Pisinger

Jensen

2014

International Series in Operations Research &Amp; Management Science

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PrefaceAs international trade continues to grow rapidly and supply chains become more globalized, many operations have been outsourced and moved offshore. About 90 % of the international trade volume was facilitated by ocean transportation. If we assume that half of China's exports by value in 2013 were moved by ocean transport and on average it takes one month for the goods to reach the consignee, then about 85B$ 1 worth of goods would have been caught up during the transportation. Due to environmental and bunker cost considerations, international air cargo transport has been reduced from 3.1 % in 2010 to 1.7 % in 2013 2 , with a shift towards more economic transportation modes, especially ocean transport. Hence, ocean transport logistics has played a very significant role in global supply chains.Although ocean transport logistics has been well studied in maritime economics and operations research/management science, many important issues have yet to receive the attention they deserve. In this book, we reveal the interaction among parties along the chain, including shippers, terminal operators and line carriers. We examine the impact of ocean transport logistics on global supply chains and address many important topics to shed new light on the subject. This book is organized into three parts. The first part talks about the innovative development of terminal operators and the competition they face. The second part delves into the many tactical and operational aspects of managing shipping liners, including empty container repositioning, disruption management, slow steaming, bunker purchasing, ship route schedule, and transport network design, and evaluates their corresponding challenges and opportunities. The third part studies the impact of ocean logistics transport on global supply chains. The 18 chapters of the book all highlight the immediate effect of ocean transport logistics on global supply chains.

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An epsilon-optimal algorithm considering greenhouse gas emissions for the management of a ship’s bunker fuel

Cited by 59 publications

References 5 publications

Green Shipping Practices of Shipping Firms

Green Shipping Practices of Shipping Firms

Simulation Optimization: A Review and Exploration in the New Era of Cloud Computing and Big Data

Bunker Purchasing in Liner Shipping

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