Challenges and opportunities in integration of simulation and optimization in maritime logistics
Authors: 
Chenhao Zhou, Haobin Li, Weizhi Liu, Aloisius Stephen, Loo Hay Lee, Ek Peng ChewAuthors Info & Claims
Chenhao Zhou, Haobin Li, Weizhi Liu, Aloisius Stephen, Loo Hay Lee, Ek Peng ChewAuthors Info & ClaimsPages 2897 - 2908
Abstract
Maritime logistics plays an important role in the global trading scene with over 80% of global trade by volume and more than 70% of the trade value being handled by vessels and seaports worldwide. Today, the maritime industry is facing both new challenges and opportunities. Amongst the existing review papers, an in-depth and systematic summary on the integration of simulation and optimization is lacking. To fill the gap, this paper reviews dozens of papers on the integration of simulation and optimization for maritime logistics since 2010. Five modes of integration are classified according to how the two techniques interact with each other. Lastly, the paper introduces new challenges and opportunities in the maritime industry, and how the integration of simulation and optimization can help to boost the development of the next generation maritime systems.
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- Challenges and opportunities in integration of simulation and optimization in maritime logistics
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