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The effect of oil price on containership speed and fleet size / Ronen, D. in Journal of the operational research society (JORS), Vol. 62 N° 1 (Janvier 2011) 

Public ISBD [article]  in Journal of the operational research society (JORS) > Vol. 62 N° 1 (Janvier 2011) . - pp. 211–216 Titre : The effect of oil price on containership speed and fleet size Type de document : texte imprimé Auteurs : Ronen, D., Auteur Année de publication : 2011 Article en page(s) : pp. 211–216 Note générale : Recherche opérationnelle Langues : Anglais (eng) Mots-clés : Sea  transport  Liner  shipping  Oil  price  Optimal  speed  Containership  fleet  size Index. décimale : 001.424 Résumé : The changing prices of bunker fuel open the door for substantial cost savings by adjusting the sailing speed of ships. A large ship may be burning up to 100 000 USD of bunker fuel per day, which may constitute more than 75% of its operating costs. Reducing the cruising speed by 20% reduces daily bunker consumption by 50%. However, in order to maintain liner service frequency and capacity, reducing the cruising speed may require additional ships to operate a route. We construct a cost model that we use to analyse the trade-off between speed reduction and adding vessels to a container line route, and devise a simple procedure to identify the sailing speed and number of vessels that minimize the annual operating cost of the route. Using published data, we demonstrate the potential for large-cost savings when one operates close to the minimal-cost speed. The presented methodology and procedure are applicable for any bunker fuel price. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v62/n1/abs/jors2009169a.html [article] The effect of oil price on containership speed and fleet size [texte imprimé] / Ronen, D., Auteur . - 2011 . - pp. 211–216. Recherche opérationnelle Langues : Anglais (eng) in Journal of the operational research society (JORS) > Vol. 62 N° 1 (Janvier 2011) . - pp. 211–216 Mots-clés : Sea  transport  Liner  shipping  Oil  price  Optimal  speed  Containership  fleet  size Index. décimale : 001.424 Résumé : The changing prices of bunker fuel open the door for substantial cost savings by adjusting the sailing speed of ships. A large ship may be burning up to 100 000 USD of bunker fuel per day, which may constitute more than 75% of its operating costs. Reducing the cruising speed by 20% reduces daily bunker consumption by 50%. However, in order to maintain liner service frequency and capacity, reducing the cruising speed may require additional ships to operate a route. We construct a cost model that we use to analyse the trade-off between speed reduction and adding vessels to a container line route, and devise a simple procedure to identify the sailing speed and number of vessels that minimize the annual operating cost of the route. Using published data, we demonstrate the potential for large-cost savings when one operates close to the minimal-cost speed. The presented methodology and procedure are applicable for any bunker fuel price. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v62/n1/abs/jors2009169a.html