Simulation Approach on the Performance Analysis of Rental Vessels Transportation and Shipment Management

Abstract—The aim of this paper is to analyse the rental vessels transportation performance and explore solutions for its shipment management optimization. A simulation approach is adopted to evaluate the shipment strategy in this research. The simulation methodology is basically divided into two steps, first the development of simulation model of the actual system, second the development of a set of experimental design which is applied in evaluating its shipment optimisation. Two years secondary data are used to build a conceptual model for simulation. Afterward a number of scenarios are developed to seek an improved solution. The preferable result in this research is by having another alternate loading port for the rental vessel which more port scenario which minimise the average waiting time of each ship by 12% and maximise the average number of trips the vessel up to 22%. From the result can be concluded that when the capacity of a system cannot satisfy the demand, the flexibility of the transportation supply chain is a mandatory.