Abstract: In this paper we explore tramp ship routing and scheduling. Tramp ships operate much like taxies following the available demand. Tramp operators can determine some of their demand in advance by entering into long-term contracts and then try to maximise profits from optional voyages found in the spot market. Routing and scheduling a tramp fleet to best utilise fleet capacity according to current demand is therefore an ongoing and complicated problem. Here we add further complexity to the routing and scheduling problem by incorporating voyage sep...
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Topics: 
Mathematical optimization
Operations research