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dc.contributor.authorWang, Xin
dc.contributor.authorFagerholt, Kjetil
dc.contributor.authorWallace, Stein W.
dc.date.accessioned2017-11-10T11:38:13Z
dc.date.available2017-11-10T11:38:13Z
dc.date.created2017-08-10T15:23:44Z
dc.date.issued2017-08-04
dc.identifier.citationOmega : The International Journal of Management Science. 2017, .nb_NO
dc.identifier.issn0305-0483
dc.identifier.urihttp://hdl.handle.net/11250/2465529
dc.description.abstractThis paper introduces a chartering problem that arises in the shipping industry. The chartering decisions determine the time-charter contracts to enter into, in particular, how many ships of each type to charter in, and for how long they are to be hired. We show that this problem can be modeled as a tactical fleet composition problem, with integrated fleet deployment and speed optimization, which also takes into account market uncertainties. We propose a two-stage stochastic programming model, and present a computational study based on the case of Odfjell, a leading chemical shipping company based in Bergen, Norway. We show how the charter plans produced can change depending on different modeling choices. We also show why and how different charter plans affect the company's overall performance, in order to provide guidance in helping the company make its chartering decisions.nb_NO
dc.language.isoengnb_NO
dc.rightsNavngivelse-Ikkekommersiell-DelPåSammeVilkår 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/deed.no*
dc.titlePlanning for charters: A stochastic maritime fleet composition and deployment problemnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.rights.holderThe authorsnb_NO
dc.source.pagenumber13nb_NO
dc.source.journalOmega : The International Journal of Management Sciencenb_NO
dc.identifier.doi10.1016/j.omega.2017.07.007
dc.identifier.cristin1485534
dc.relation.projectNorges forskningsråd: 233985nb_NO
cristin.unitcode7566,7,0,0
cristin.unitnameMaritim
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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