Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/19100
Title: An utility-based decision support sustainability model in slow steaming maritime operations
Authors: Wong, EYC
Tai, AH
Lau, HYK
Raman, M
Keywords: Carbon emission
Fuel consumption
Maritime transport
Sustainability
Utility
Issue Date: 2015
Publisher: Pergamon Press
Source: Transportation research. Part E, Logistics and transportation review, 2015 How to cite?
Journal: Transportation research. Part E, Logistics and transportation review 
Abstract: This paper analyses slow steaming sustainability initiatives and generalizes the traditional discrete cost-based decision support model into novel continuous utility-based models. Two models based on logarithmic and linear utility functions are developed for risk-averse and risk-neutral decision makers respectively. The models, considering fuel consumption, carbon emission, and on time delivery, are applied to a Trans-pacific trade service route. A sensitivity analysis is conducted on parameters of sailing distance, expected transit time, quantity, and emission policies. The model contributes to ship liners on the optimal speed decisions in continuous utility-based slow steaming operations.
URI: http://hdl.handle.net/10397/19100
ISSN: 1366-5545
EISSN: 1878-5794
DOI: 10.1016/j.tre.2015.01.013
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