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An optimization model for container inventory management

Author

Listed:
  • Mark Ching-Pong Poo

    (Liverpool John Moores University)

  • Tsz Leung Yip

    (The Hong Kong Polytechnic University)

Abstract

This paper formulates the empty container repositioning (ECR) problem, which is one of the most important issues in the container shipping industry, by running a model to generate the service route of feeder shipping in a dynamic environment. The objective is to reduce the disequilibrium of laden and empty containers. This paper first provides a literature review with the emphasis on the shipping scheduling and modelling of ECR. Second, a network model has been designed to find the optimum size of ship servicing a particular region. A simply ECR policy is tested to demonstrate an essential impact on the profit of a container transport system. With the aid of this heuristic shipping model, ECR is integrated with the tramp ship routing problem under dynamic condition.

Suggested Citation

  • Mark Ching-Pong Poo & Tsz Leung Yip, 2019. "An optimization model for container inventory management," Annals of Operations Research, Springer, vol. 273(1), pages 433-453, February.
    • Handle: RePEc:spr:annopr:v:273:y:2019:i:1:d:10.1007_s10479-017-2708-8
    DOI: 10.1007/s10479-017-2708-8
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    References listed on IDEAS

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    Cited by:

    1. Yu, Ping & Wang, Zhiping & Wang, Peiwen & Yin, Haofei & Wang, Jia, 2022. "Dynamic evolution of shipping network based on hypergraph," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 598(C).
    2. Mária Stopková & Ondrej Stopka & Vladimír Ľupták, 2019. "Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management," Sustainability, MDPI, vol. 11(15), pages 1-15, August.
    3. Zhuzhu Song & Wansheng Tang & Ruiqing Zhao, 2022. "Implications of economies of scale and scope for round-trip shipping canvassing with empty container repositioning," Annals of Operations Research, Springer, vol. 309(2), pages 485-515, February.
    4. Niclas Hoffmann & Robert Stahlbock & Stefan Voß, 2020. "A decision model on the repair and maintenance of shipping containers," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-21, December.

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