[article]
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 |
in Journal of the operational research society (JORS) > Vol. 62 N° 1 (Janvier 2011) . - pp. 211–216
[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 |
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