Maritime accidents involving ships carrying passengers may pose a high risk with respect to human casualties. For effective risk mitigation, an insight into the process of risk escalation is needed. This requires a proactive approach when it comes to risk modelling for maritime transportation systems. Most of the existing models are based on historical data on maritime accidents, and thus they ...

This article briefly surveys the current state-of-the-art on ship management in maritime transportation. It covers three most important aspects of ship management: crew scheduling, maintenance scheduling, and spare part management.

Scenario analysis often is used to determine bottlenecks in multimodal transportation and logistics chains. Bottleneck-analysis itself is a process related approach to identify shortages in multimodal transportation and logistics supply chains, and concerned with analysis of resource planes, optimization of multimodal transportation chains, consideration of timeliness and concurrency using reso...

Within the private-values paradigm, we construct a tractable empirical model of equilibrium behaviour at first-price auctions when bidders’ valuations are potentially dependent, but not necessarily affiliated. We develop a test of affiliation and apply our framework to data from low-price, sealed-bid auctions held by the Department of Transportation in the State of Michigan to procure road-resu...

This paper studies the vehicle routing problem with time windows where travel times are uncertain and belong to a predetermined polytope. The objective of the problem is to find a set of routes that services all nodes of the graph and that are feasible for all values of the travel times in the uncertainty polytope. The problem is motivated by maritime transportation where delays are frequent an...

Resource scheduling is a critical step in the management of complex logistic networks. The paper proposes an integrated scheduling and simulation approach for dynamic resource allocation in complex transportation logistics. An example application, specific to the maritime logistics of the chemical supply chain, is discussed in the paper, along with preliminary testing of the system by industria...

Despite their use for modeling traffic in ports and regional waters, multi-agent simulations have not yet been applied to model maritime traffic on a global scale. We therefore propose a fully agent-based, data-driven model of global maritime traffic, focusing primarily on modeling transit through piracy-affected waters. The model employs finite state machines to represent the behavior of sever...

JEL Classification Code(s): J 31, J 71) "Perceptions of Discrimination, Effort to Obtain Psychological Balance, and Relative Wages: Can We Infer a Happiness Gradient?" There is a substantial literature that finds a linkage between happiness and relative economic well being as measured by earnings or wages. There is also a well documented racial gap in wages. One explanation for this is disparat...

Supply chain risk management is an important activity in current supply chain management. Operational risk is one of the most important risks in supply chains. The operational risk assessment process includes risk identification and evaluation and prioritization. On the other hand, the participation of Third Party Logistics providers (3PL) in supply chains has been increasing, and it is importa...