Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels

Matthias Winter; Klaus Altendorfer; Stefan Pickl

doi:10.1109/WSC57314.2022.10015434

Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels

Matthias Winter, Klaus Altendorfer, Stefan Pickl

Publikation: Beitrag in Buch/Bericht/Tagungsband › Konferenzbeitrag › Begutachtung

Abstract

The aim of this research is to determine the booking size for vessels in oversea delivery to minimize transportation costs. In the studied setting, a producer must book transportation space in advance, whereby the arrival processes for containers and vessels are stochastic. Analytical approaches of queueing theory are inconvenient in this case, and a discrete event simulation is therefore used to estimating the objective function. Moreover, the booking size is optimized for a static and a simple dynamic booking policy using a discretization of the solution space. The results show that the higher the variance in the shipping cycle, the higher is the optimal booking size and the total transportation costs. The dynamic booking policy significantly outperforms the static policy and indicates potential for future research

Originalsprache	Englisch
Titel	Proceedings of the 2022 Winter Simulation Conference, WSC 2022
Redakteure/-innen	B. Feng, G. Pedrielli, Y. Peng, S. Shashaani, E. Song, C.G. Corlu, L.H. Lee, E.P. Chew, T. Roeder, P. Lendermann
Herausgeber (Verlag)	Institute of Electrical and Electronics Engineers Inc.
Seiten	1603-1613
Seitenumfang	11
ISBN (elektronisch)	9798350309713
DOIs	https://doi.org/10.1109/WSC57314.2022.10015434
Publikationsstatus	Veröffentlicht - 2022
Veranstaltung	2022 Winter Simulation Conference, WSC 2022 - Guilin, China Dauer: 11 Dez. 2022 → 14 Dez. 2022

Publikationsreihe

Name	Proceedings - Winter Simulation Conference
Band	2022-December
ISSN (Print)	0891-7736

Konferenz

Konferenz	2022 Winter Simulation Conference, WSC 2022
Land/Gebiet	China
Ort	Guilin
Zeitraum	11.12.2022 → 14.12.2022

Zugriff auf Dokument

10.1109/WSC57314.2022.10015434

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Link zur Publikation in Scopus

Winter Simulation Conference 2022
Winter, M. (Teilnehmer)
11 Dez. 2022 → 14 Dez. 2022
Aktivität: Teilnahme an oder Organisation einer Veranstaltung › Teilnahme an einer Konferenz, einem Workshop

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Winter, M., Altendorfer, K., & Pickl, S. (2022). Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels. in B. Feng, G. Pedrielli, Y. Peng, S. Shashaani, E. Song, C. G. Corlu, L. H. Lee, E. P. Chew, T. Roeder, & P. Lendermann (Hrsg.), Proceedings of the 2022 Winter Simulation Conference, WSC 2022 (S. 1603-1613). (Proceedings - Winter Simulation Conference; Band 2022-December). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/WSC57314.2022.10015434

Winter, Matthias ; Altendorfer, Klaus ; Pickl, Stefan. / Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels. Proceedings of the 2022 Winter Simulation Conference, WSC 2022. Hrsg. / B. Feng ; G. Pedrielli ; Y. Peng ; S. Shashaani ; E. Song ; C.G. Corlu ; L.H. Lee ; E.P. Chew ; T. Roeder ; P. Lendermann. Institute of Electrical and Electronics Engineers Inc., 2022. S. 1603-1613 (Proceedings - Winter Simulation Conference).

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title = "Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels",

abstract = "The aim of this research is to determine the booking size for vessels in oversea delivery to minimize transportation costs. In the studied setting, a producer must book transportation space in advance, whereby the arrival processes for containers and vessels are stochastic. Analytical approaches of queueing theory are inconvenient in this case, and a discrete event simulation is therefore used to estimating the objective function. Moreover, the booking size is optimized for a static and a simple dynamic booking policy using a discretization of the solution space. The results show that the higher the variance in the shipping cycle, the higher is the optimal booking size and the total transportation costs. The dynamic booking policy significantly outperforms the static policy and indicates potential for future research.",

author = "Matthias Winter and Klaus Altendorfer and Stefan Pickl",

note = "Publisher Copyright: {\textcopyright} 2022 IEEE.; 2022 Winter Simulation Conference, WSC 2022 ; Conference date: 11-12-2022 Through 14-12-2022",

year = "2022",

doi = "10.1109/WSC57314.2022.10015434",

language = "English",

series = "Proceedings - Winter Simulation Conference",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "1603--1613",

editor = "B. Feng and G. Pedrielli and Y. Peng and S. Shashaani and E. Song and C.G. Corlu and L.H. Lee and E.P. Chew and T. Roeder and P. Lendermann",

booktitle = "Proceedings of the 2022 Winter Simulation Conference, WSC 2022",

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Winter, M , Altendorfer, K & Pickl, S 2022, Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels. in B Feng, G Pedrielli, Y Peng, S Shashaani, E Song, CG Corlu, LH Lee, EP Chew, T Roeder & P Lendermann (Hrsg.), Proceedings of the 2022 Winter Simulation Conference, WSC 2022. Proceedings - Winter Simulation Conference, Bd. 2022-December, Institute of Electrical and Electronics Engineers Inc., S. 1603-1613, 2022 Winter Simulation Conference, WSC 2022, Guilin, China, 11.12.2022. https://doi.org/10.1109/WSC57314.2022.10015434

Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels. / Winter, Matthias ; Altendorfer, Klaus; Pickl, Stefan.
Proceedings of the 2022 Winter Simulation Conference, WSC 2022. Hrsg. / B. Feng; G. Pedrielli; Y. Peng; S. Shashaani; E. Song; C.G. Corlu; L.H. Lee; E.P. Chew; T. Roeder; P. Lendermann. Institute of Electrical and Electronics Engineers Inc., 2022. S. 1603-1613 (Proceedings - Winter Simulation Conference; Band 2022-December).

Publikation: Beitrag in Buch/Bericht/Tagungsband › Konferenzbeitrag › Begutachtung

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T1 - Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels

AU - Winter, Matthias

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PY - 2022

Y1 - 2022

N2 - The aim of this research is to determine the booking size for vessels in oversea delivery to minimize transportation costs. In the studied setting, a producer must book transportation space in advance, whereby the arrival processes for containers and vessels are stochastic. Analytical approaches of queueing theory are inconvenient in this case, and a discrete event simulation is therefore used to estimating the objective function. Moreover, the booking size is optimized for a static and a simple dynamic booking policy using a discretization of the solution space. The results show that the higher the variance in the shipping cycle, the higher is the optimal booking size and the total transportation costs. The dynamic booking policy significantly outperforms the static policy and indicates potential for future research.

AB - The aim of this research is to determine the booking size for vessels in oversea delivery to minimize transportation costs. In the studied setting, a producer must book transportation space in advance, whereby the arrival processes for containers and vessels are stochastic. Analytical approaches of queueing theory are inconvenient in this case, and a discrete event simulation is therefore used to estimating the objective function. Moreover, the booking size is optimized for a static and a simple dynamic booking policy using a discretization of the solution space. The results show that the higher the variance in the shipping cycle, the higher is the optimal booking size and the total transportation costs. The dynamic booking policy significantly outperforms the static policy and indicates potential for future research.

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PB - Institute of Electrical and Electronics Engineers Inc.

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Winter M , Altendorfer K, Pickl S. Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels. in Feng B, Pedrielli G, Peng Y, Shashaani S, Song E, Corlu CG, Lee LH, Chew EP, Roeder T, Lendermann P, Hrsg., Proceedings of the 2022 Winter Simulation Conference, WSC 2022. Institute of Electrical and Electronics Engineers Inc. 2022. S. 1603-1613. (Proceedings - Winter Simulation Conference). doi: 10.1109/WSC57314.2022.10015434

Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels

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Winter Simulation Conference 2022

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