This paper presents a literature survey on the fleet size and mix problem in maritime transportation. Fluctuations in the shipping market and frequent mismatches between fleet capacities and demands highlight the relevance of the problem and call for more accurate decision support. After...

This paper presents a decision support methodology for strategic planning in tramp and industrial shipping. The proposed methodology combines simulation and optimization, where a Monte Carlo simulation framework is built around an optimization-based decision support system for short-term routing...