The Economic Speed problem again..

What is it about?

A new twist on the standard economic speed problem: what is the proper freight rate to be used in the standard formula, how are the market prospect taken into account. How does the speed determination relates to charter selection for tramp vessels.

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Why is it important?

Several innovations in the speed optimization problem - not directly related to the large literature of mathematical programming models in the liner industry, or carrying out a well defined transport task