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Analysis of an exact algorithm for the vessel speed optimization problem. (English) Zbl 1338.68107
Summary: 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.

MSC:
68Q25 Analysis of algorithms and problem complexity
90B06 Transportation, logistics and supply chain management
90C90 Applications of mathematical programming
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References:
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[4] Second IMO GHG Study 2009, Technical Report MEPC 59/10, International Maritime Organization (2009)
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