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Optimizing Voyage Costs in Maritime Supply Chains: A Holistic Approach Towards Logistics Service Improvement and Supply Chain Finance




TekijätPrause Gunnar, Olaniyi Eunice O.

KustantajaSciendo

Julkaisuvuosi2023

Lehti: Transport and Telecommunication Journal

Tietokannassa oleva lehden nimiTransport and Telecommunication

Vuosikerta24

Numero4

Aloitussivu361

Lopetussivu374

eISSN1407-6179

DOIhttps://doi.org/10.2478/ttj-2023-0028

Julkaisun avoimuus kirjaamishetkelläAvoimesti saatavilla

Julkaisukanavan avoimuus Kokonaan avoin julkaisukanava

Verkko-osoitehttps://sciendo.com/article/10.2478/ttj-2023-0028

Rinnakkaistallenteen osoitehttps://research.utu.fi/converis/portal/detail/Publication/182421474

Rinnakkaistallenteen lisenssiCC BY NC ND

Rinnakkaistallennetun julkaisun versioKustantajan versio


Tiivistelmä

The multi-objective optimization for voyage planning, which aims to balance time, fuel utilization, and all other relevant service costs, is noticeably absent in the scientific literature. The reason behind this gap is closely linked to the involvement of a large number of participants with conflicting interests in the process. This complexity explains why modelling an optimization tool for maritime logistics services appears challenging. Although new technologies such as blockchains and smart contracts have helped reduce the number of participants and address some complexities, they cannot fully resolve the fragmentation observed in maritime transport.

To address the need for optimized voyage management for vessels, this study takes a holistic approach to voyage costs within the maritime supply chain, similar to how a single company would approach it. The study combines a case study from the container shipping industry, expert interviews, project results, and secondary empirical data research to develop a financial model for optimizing voyage costs. The research opens up opportunities for improving logistics services and developing new business models in the field of supply chain finance.


Ladattava julkaisu

This is an electronic reprint of the original article.
This reprint may differ from the original in pagination and typographic detail. Please cite the original version.





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