Why is maritime inventory routing important?
In 2011, the international shipping industry handled over 80% of the volume of world trade, of which bulk goods were a primary component. Indeed, of the nearly 9 billion tons of goods in international seaborne commerce traded in 2011, bulk goods such as coal, crude oil, iron ore, and liquefied natural gas accounted for well over 50% of this quantity and easily represented several hundreds of billions of US dollars in value (UNCTAD).
Our main goal with this library is to help maritime inventory routing gain maturity as an important and interesting class of planning problems.
To this end, we:
- Present benchmark instances for a particular class of MIRPs.
- Provide the mixed-integer linear programming community with a set of optimization problem instances from the maritime transportation domain in LP and MPS format.
- Provide a template for other researchers when specifying characteristics of MIRPs arising in other settings.
The Georgia Tech Supply Chain and Logistics Institute (SCL) is the largest supply chain and logistics leadership institute in the world providing comprehensive research, education, and outreach programs.
The H. Milton Stewart School of Industrial and Systems Engineering (ISyE) is the largest industrial engineering program in the country and has maintained its U.S. News & World Report No. 1 ranking for more than 25 years.