Rates charged by shipping conferences are at such a level that a large multinational corporation may profit by chartering its own vessels. Details of chartering and contracts of affreightment are explained in this paper. The problem of determining the minimum tonnage vessel to charter (adequate to service flows between a given cluster of ports) is formulated as a quadratic traveling salesman problem for which tight bounds are presented. Deciding which clusters of ports should each have a chartered vessel, and which arcs should be serviced by a contract of affreightment, becomes a set packing problem.

  • Corporate Authors:

    Carnegie Mellon University

    Graduate School of Industrial Administration
    Pittsburgh, PA  United States  15213
  • Authors:
    • Rutenberg, D
  • Publication Date: 1974-5

Media Info

  • Features: References;
  • Pagination: 25 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00071996
  • Record Type: Publication
  • Source Agency: George Washington Transportation Research Institute. Center for Intelligent Systems Research
  • Files: TRIS
  • Created Date: Nov 20 1974 12:00AM