Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

Optimization of sea empty container reposition based on inventory control strategy

Authors
Yan Zhang1, *
1Shanghai Maritime University, Shanghai, China
*Corresponding author.
Corresponding Author
Yan Zhang
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_41How to use a DOI?
Keywords
empty container; inventory control; optimization model
Abstract

In response to the problem of sea empty container transportation under random conditions, a comprehensive consideration is given to the conversion problem between short-term container rental and heavy empty containers. Through inventory control strategies, the inventory of empty containers at the port is optimized, and an optimization model for empty container transportation is established. The total cost obtained under inventory control strategy is lower than the total cost of empty container transportation without inventory control strategy. At the same time, adopting inventory control strategy can effectively improve the utilization rate of empty containers.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
10.2991/978-94-6463-408-2_41
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_41How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Yan Zhang
PY  - 2024
DA  - 2024/05/07
TI  - Optimization of sea empty container reposition based on inventory control strategy
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 359
EP  - 365
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_41
DO  - 10.2991/978-94-6463-408-2_41
ID  - Zhang2024
ER  -