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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.
Original language | English |
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Title of host publication | Proceedings of the 2022 Winter Simulation Conference, WSC 2022 |
Editors | B. Feng, G. Pedrielli, Y. Peng, S. Shashaani, E. Song, C.G. Corlu, L.H. Lee, E.P. Chew, T. Roeder, P. Lendermann |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
Pages | 1603-1613 |
Number of pages | 11 |
ISBN (Electronic) | 9798350309713 |
DOIs | |
Publication status | Published - 2022 |
Event | 2022 Winter Simulation Conference, WSC 2022 - Guilin, China Duration: 11 Dec 2022 → 14 Dec 2022 |
Publication series
Name | Proceedings - Winter Simulation Conference |
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Volume | 2022-December |
ISSN (Print) | 0891-7736 |
Conference
Conference | 2022 Winter Simulation Conference, WSC 2022 |
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Country/Territory | China |
City | Guilin |
Period | 11.12.2022 → 14.12.2022 |
Fingerprint
Dive into the research topics of 'Applying Simulation to Estimate Waiting Times and Optimize the Booking Size for Oversea Transportation Vessels'. Together they form a unique fingerprint.Activities
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Winter Simulation Conference 2022
Winter, M. (Participant)
11 Dec 2022 → 14 Dec 2022Activity: Participating in or organising an event › Participating in a conference, workshop, ...