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Analysis of an exact algorithm for the vessel speed optimization problem

Abstract

Increased fuel costs together with environmental concerns have led shipping companies to consider the optimization of vessel speeds. Given a fixed sequence of port calls, each with a time window, and fuel cost as a convex function of vessel speed, we show that optimal speeds can be found in quadratic time

Category

Academic article

Language

English

Author(s)

  • Lars Magnus Hvattum
  • Inge Norstad
  • Kjetil Fagerholt
  • Gilbert Laporte

Affiliation

  • Norwegian University of Science and Technology
  • SINTEF Ocean / Energi og transport
  • Montreal HEC Business School, University of Montreal

Date

04.03.2013

Year

2013

Published in

Networks

ISSN

0028-3045

Volume

62

Issue

2

Page(s)

132 - 135

View this publication at Cristin