Abstract
This study proposes to develop an approach that effectively optimises the tow plans of Inland Waterway Ports. Since modelling the tow plans optimization problem would result in a complex Mixed Integer Programming (MIP) Model that is NP-hard, a decomposition approach is developed that considers the various aspects of an effective tow plan. The main tow plan problem is broken down into three distinct sub-problems that support decisions on sequencing the barges, assigning the barges to tows and assigning the barges to vessels that carry them to the tows. The sub-problems are solved independently and subsequently integrated to yield comprehensive tow plans. The performance and robustness of the model are validated by feeding it with a real-life scenario of the Lower Mississippi River Port. With few modifications to the model for accommodating the scenario, high-quality plans in feasible times are obtained by the computational results, showcasing the capability of the proposed model and approach.
Original language | English |
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Publication status | Published - 26 Jun 2024 |
Event | International Association of Maritime Economist Conference 2024 - 26th to 28th June 2024 - Valencia, Spain Duration: 26 Jun 2024 → 28 Jun 2024 https://iame2024.org/ |
Conference
Conference | International Association of Maritime Economist Conference 2024 - 26th to 28th June 2024 |
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Country/Territory | Spain |
City | Valencia |
Period | 26/06/24 → 28/06/24 |
Internet address |