Difference between revisions of "ANLY482 AY2017-18T2 Group28 Project Overview"
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In 2016, it handled 68 million TEUs (Twenty Foot Equivalent Units), thus making it the second busiest port in the world. | In 2016, it handled 68 million TEUs (Twenty Foot Equivalent Units), thus making it the second busiest port in the world. | ||
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| + | <div style="height: 15px; background: #2C3E50; padding: 10px; font-weight: bold; line-height: 15px; text-indent: 5px; margin-bottom:; font-size: 18px; font-family: Verdana;"><span style="color: #D5DBDB;">Business Problem</span></div> | ||
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| + | Expanding a port’s capacity requires a large capital outlay. Furthermore, Port A incurs a high opportunity cost due to its landmass constraints. Therefore, capacity planning is important to ensure that the port achieves a high utilization rate and maximizes its profit potential. | ||
| + | Capacity planning involves predicting global trends and understanding external forces. The first part of this study focuses on ports in the region, by | ||
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| + | # Numbered list item Analyzing the vessels that call at these ports, and | ||
| + | # Numbered list item Analyzing the regional network | ||
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| + | Through this study, we hope to gain insights into the operation of these ports, and then use their respective strengths and weaknesses to formulate relevant operational strategies. | ||
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| + | The second part of this study builds upon the preliminary analysis of the vessels that call at the neighboring ports in the region. The vessels are part of liner services, which are in turn part of a larger transportation network. Using historical data, we hope to construct a network model that can help visualize existing trade routes and show changes in container throughput at the respective ports following the development of the neighbouring ports, and the future challenges that may pose. | ||
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Revision as of 16:21, 14 January 2018
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The Straits of Malacca are one of the world’s most important trade corridors and transshipment regions, accounting for one quarter of the world’s transshipments. Furthermore, the ASEAN region is one of the fastest growing marine trade routes, as it includes many countries with developed and developing maritime infrastructure. There are 3 important ports in the Strait of Malacca, Port of Singapore, Port Klang and Port Tanjung Pelepas. Our sponsor, operates port of Singapore, one of the world’s largest ports.
In 2016, it handled 68 million TEUs (Twenty Foot Equivalent Units), thus making it the second busiest port in the world.
Expanding a port’s capacity requires a large capital outlay. Furthermore, Port A incurs a high opportunity cost due to its landmass constraints. Therefore, capacity planning is important to ensure that the port achieves a high utilization rate and maximizes its profit potential. Capacity planning involves predicting global trends and understanding external forces. The first part of this study focuses on ports in the region, by
- Numbered list item Analyzing the vessels that call at these ports, and
- Numbered list item Analyzing the regional network
Through this study, we hope to gain insights into the operation of these ports, and then use their respective strengths and weaknesses to formulate relevant operational strategies.
The second part of this study builds upon the preliminary analysis of the vessels that call at the neighboring ports in the region. The vessels are part of liner services, which are in turn part of a larger transportation network. Using historical data, we hope to construct a network model that can help visualize existing trade routes and show changes in container throughput at the respective ports following the development of the neighbouring ports, and the future challenges that may pose.
