Optimization design of a floating modular port terminal

Abstract

This paper presents a mathematical programming model for planning investment strategies in a modular floating terminal. The model is developed with the objective of minimizing the net present costs of a terminal's investments, equipment selection and operational costs over a long term future. The problem formulation evaluates time dependent parameters, such as container throughput forecasts, and performance, quality and availability of equipment over time. The results provide a visualization of investments for a modular floating terminal design, and are geared towards assisting stakeholders in strategic level planning – the optimal way to invest in new terminal setups, infrastructure and equipment selection.