Going Bunkers: The Joint Route Selection and Refueling Problem

Published Online:https://doi.org/10.1287/msom.1080.0249

References

  • Ahuja R. K., Magnanti T. L., Orlin J. B.Network Flows: Theory, Algorithms, and Applications (1993) (Prentice Hall, Upper Saddle River, NJ) Google Scholar
  • Asche F., Gjølberg O., Völker T. Price relationships in the petroleum market: An analysis of crude oil and refined product prices. Energy Econom. (2003) 25(3):289–301CrossrefGoogle Scholar
  • Bertsekas D. P.Dynamic Programming and Optimal Control (2000) II(Athena Scientific, Belmont, MA) Google Scholar
  • Borenstein S., Cameron A. C., Gilbert R. Do gasoline prices respond asymmetrically to crude oil price changes? Quart. J. Econom. (1997) 112(1):305–339CrossrefGoogle Scholar
  • Brennan M. J., Schwartz E. S. Evaluating natural resource investments. J. Bus. (1985) 58(2):135–157CrossrefGoogle Scholar
  • Christiansen M., Fagerholt K., Ronen D. Ship routing and scheduling: Status and perspectives. Transportation Sci. (2004) 38(1):1–18LinkGoogle Scholar
  • Christiansen M., Fagerholt K., Nygreen B., Ronen D., Barnhart C., Laporte G. Maritime transportation. Handbook in Operations Research and Management Science: Transportation (2005) (North-Holland, Amsterdam) 189–284Google Scholar
  • Cho S.-C., Perakis A. N. Optimal liner fleet routing strategies. Maritime Policy Management (1996) 23(3):249–259CrossrefGoogle Scholar
  • Cortazar G., Schwartz E. S. The valuation of commodity contingent claims. J. Derivatives (1994) 1(4):27–39CrossrefGoogle Scholar
  • Dantzig G. B., Fulkerson D. R. Minimizing the number of tankers to meet a fixed schedule. Naval Res. Logist. Quart. (1954) 1(3):217–222CrossrefGoogle Scholar
  • Dantzig G. B., Blattner W., Rao M. R. Finding a cycle in a graph with minimum cost to time ratio with applications to a ship routing problem. Theory Graphs Internat. Sympos. (1966) Dunod, Paris(Gordon and Breach, New York) 77–83CrossrefGoogle Scholar
  • Darnell D. W., Loflin C. National airlines fuel management and allocation model. Interfaces (1977) 7(2):1–16LinkGoogle Scholar
  • Dixit A. K., Pindyck R. S.Investment Under Uncertainty (1994) (Princeton University Press, Princeton, NJ) CrossrefGoogle Scholar
  • Either R., Mount T. Estimating volatility of spot prices in restructured electricity markets and the implications for option values. (1998) . Working paper, Cornell University, Ithaca, NYGoogle Scholar
  • Gendreau M., Laporte G., Deguin R. Stochastic vehicle routing. Eur. J. Oper. Res. (1995) 88(1):3–12CrossrefGoogle Scholar
  • Hamilton J. D. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica (1989) 57(2):357–384CrossrefGoogle Scholar
  • Hamilton J. D., Susmel R. Autoregressive conditional heteroskedasticity and changes in regime. J. Econometrics (1994) 64(1–2):307–333CrossrefGoogle Scholar
  • Imai A., Rivera F. Strategic fleet size planning for maritime refrigerated containers. Maritime Policy Management (2001) 28(4):361–374CrossrefGoogle Scholar
  • Kalymon B. A. Stochastic prices in a single-item inventory purchasing model. Oper. Res. (1971) 19(6):1434–1458LinkGoogle Scholar
  • Kaufmann R. K., Laskowski C. Causes for an asymmetric relation between the price of crude oil and refined petroleum products. Energy Policy (2005) 33(12):1587–1596CrossrefGoogle Scholar
  • Laughton D. G., Jacoby H. D., Trigeorgis L. The effects of reversion on commodity projects of different length. Real Options in Capital Investment: Models, Strategies, and Applications (1995) (Praeger, Westport, CT) 185–205Google Scholar
  • Marine Transportation System National Advisory Council U.S. Economic Growth and the Marine Transportation System. (2000) . White paper (December 18), U.S. Department of Transportation, Washington, DCGoogle Scholar
  • Moinzadeh K. Replenishment and stocking policies for inventory systems with random deal offerings. Management Sci. (1997) 43(3):334–342LinkGoogle Scholar
  • National Imagery and Mapping AgencyDistances Between Ports (2001) . Publication 151. http://www.nga.milGoogle Scholar
  • Noel M. D. Edgeworth price cycles: Evidence from the Toronto retail gasoline market. J. Indust. Econom. (2007a) 55(1):69–92CrossrefGoogle Scholar
  • Noel M. D. Edgeworth price cycles, cost-based pricing and sticky pricing in retail gasoline markets. Rev. Econom. Statist. (2007b) 89(2):324–334CrossrefGoogle Scholar
  • Ozekici S., Parlar M. Inventory models with unreliable suppliers in a random environment. Ann. Oper. Res. (1999) 91:123–136CrossrefGoogle Scholar
  • Paddock J. L., Siegel D. R., Smith J. L. Option valuation of claims on real assets: The case of offshore petroleum leases. Quart. J. Econom. (1988) 103(3):479–503CrossrefGoogle Scholar
  • Perakis A. N., Jaramillo D. I. Fleet deployment optimization for liner shipping. Part 1: Background, problem formulation and solution approaches. Maritime Policy Management (1991) 18(3):183–200CrossrefGoogle Scholar
  • Powell B. J., Perakis A. N. Fleet deployment optimization for liner shipping: An integer programming model. Maritime Policy Management (1997) 24(2):183–192CrossrefGoogle Scholar
  • Richetta O., Larson R. C. Modeling the increased complexity of New York City's refuse marine transport system. Transportation Sci. (1997) 31(3):272–293LinkGoogle Scholar
  • Scarf H., Arrow K. J., Karlin S., Suppes P. The optimality of (S, s) policies in the dynamic inventory problem. Mathematical Methods in Social Sciences (1960) (Stanford University Press, Stanford, CA) 196–202Chap. 13Google Scholar
  • Smith J. E., McCardle K. F. Valuing oil properties: Integrating option pricing and decision analysis approaches. Oper. Res. (1998) 46(2):198–217LinkGoogle Scholar
  • Smith J. E., McCardle K. F. Options in the real world: Lessons learned in evaluating oil and gas investments. Oper. Res. (1999) 47(1):1–15LinkGoogle Scholar
  • Song J.-S., Zipkin P. Inventory control in a fluctuating demand environment. Oper. Res. (1993) 41(2):351–370LinkGoogle Scholar
  • Stroup J. S., Wollmer R. D. A fuel management model for the airline industry. Oper. Res. (1992) 40(2):229–237LinkGoogle Scholar
  • U.S. Census Bureau2002 Economic Census (2002) (U.S. Department of Commerce, Washington, DC) Transportation and Warehousing Industry SeriesGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.