UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Improving the Maritime Transshipment Operations of the Noble Group

Fragkos, I; De Reyck, B; (2016) Improving the Maritime Transshipment Operations of the Noble Group. Interfaces , 46 (3) pp. 203-217. 10.1287/inte.2015.0841. Green open access

[img]
Preview
Text
Noble Group Final Manuscript.pdf - ["content_typename_Accepted version" not defined]

Download (1MB) | Preview

Abstract

The Noble Group is a market-leading global supply chain manager of agricultural products, metals, and minerals, operating in more than 140 locations. This paper focuses on Noble’s maritime operations in Indonesia, where coal is transported from mines to ocean-bound vessels via roads and rivers. Currently, transportation delays are causing Noble to lose tens of millions of dollars per year in demurrage and detention penalties. Although the company can hire additional resources (such as barges and floating cranes) in advance to minimize the impact of delays, the economic benefit of doing so is often unclear. To reduce or eliminate these delays, we develop a modeling framework and decision support system to facilitate the planning and management of Noble’s transshipment operations. The system utilizes fast search algorithms that deliver efficient schedules, minimizing the cost of delays and additional resources required, and resulting in monthly savings exceeding $1 million.

Type: Article
Title: Improving the Maritime Transshipment Operations of the Noble Group
Open access status: An open access version is available from UCL Discovery
DOI: 10.1287/inte.2015.0841
Publisher version: http://doi.org/10.1287/inte.2015.0841
Language: English
Additional information: Copyright © The Author(s), 2016. All rights reserved.
Keywords: Scheduling; maritime; transshipment operations; decision support system; heuristics; decomposition
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management
URI: http://discovery.ucl.ac.uk/id/eprint/1503770
Downloads since deposit
225Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item