Article ID: | iaor20135135 |
Volume: | 5 |
Issue: | 6 |
Start Page Number: | 571 |
End Page Number: | 590 |
Publication Date: | Sep 2013 |
Journal: | International Journal of Shipping and Transport Logistics |
Authors: | Kim HwaJoong, Lee Paul TaeWoo, Kim JaeGon |
Keywords: | heuristics, economics |
This paper addresses the problem of determining the ship speed, fleet size, and chartered ship number subject to environmental regulations consisting of a carbon tax and an emission trading scheme. The objective of the problem is to minimise bunker consumption cost, ship operating cost, ship charterage and either the carbon tax or the revenue/cost of selling/purchasing CO