Abstract

For single-liner ship service, this study optimizes containerized cargo revenue minus ship operating costs. The decisions to optimize the ship fleet and shipment plan are included in this proposed model. This optimization problem is formulated as a mixed-integer non-linear programming model and solved it using LINGO. The proposed model is applied to a liner service route provided in the computational study and the results are analyzed in case of different scenarios of container shipment demand and different freight rates.

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