Shipping decision support system

Shipping is a global business and is considered the most important form of transport in large quantities. With globalization and increased competition, decision makers need to be more responsive and decisive in order to take advantage of business opportunities. The use of a Decision Support System (...

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Main Author: Poh, Letitia Jia Xuan
Other Authors: Lam Siu Lee
Format: Final Year Project
Language:English
Published: 2010
Subjects:
Online Access:http://hdl.handle.net/10356/39418
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-394182023-03-03T17:25:48Z Shipping decision support system Poh, Letitia Jia Xuan Lam Siu Lee School of Civil and Environmental Engineering DRNTU::Engineering::Maritime studies::Maritime management and business Shipping is a global business and is considered the most important form of transport in large quantities. With globalization and increased competition, decision makers need to be more responsive and decisive in order to take advantage of business opportunities. The use of a Decision Support System (DSS) can hence potentially increase the effectiveness and efficiency in decision making and strategic planning by key personnel. Few studies have focused on developing an integrated Decision Support System that is not considered a black box and practical for use. This paper thus aims to identify and examine the desired technical features required to develop a comprehensive DSS. Research into academic literature, journals, shipping databases, system manuals and interviews provide understanding on the current systems available and the desired features of a DSS. Interviews done on higher management shipping executives revealed three types of DSS – Research and Forecasting, Chartering and Ship Management modules. Technical features of a Research and Forecasting DSS include having a central database, auto-population function, trend projections, demand and supply variables and scenario projections. Technical features of a Chartering DSS comprise of a real time position list, real time collaboration, voyage estimation and an over-riding function. Technical features of a Ship Management DSS encompasses of a dash board control, fleet positioning and operations function. Through qualitative findings from the interviews, it was evident that there exists no such integrated DSS that comprehensively covers all aspects of shipping operations. Additional technical features that may enhance the effectiveness of a Decision Support System and a concept to develop an integrated and comprehensive DSS are highlighted in the last part of the paper. Bachelor of Science (Maritime Studies) 2010-05-24T02:41:03Z 2010-05-24T02:41:03Z 2010 2010 Final Year Project (FYP) http://hdl.handle.net/10356/39418 en Nanyang Technological University 40 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Engineering::Maritime studies::Maritime management and business
spellingShingle DRNTU::Engineering::Maritime studies::Maritime management and business
Poh, Letitia Jia Xuan
Shipping decision support system
description Shipping is a global business and is considered the most important form of transport in large quantities. With globalization and increased competition, decision makers need to be more responsive and decisive in order to take advantage of business opportunities. The use of a Decision Support System (DSS) can hence potentially increase the effectiveness and efficiency in decision making and strategic planning by key personnel. Few studies have focused on developing an integrated Decision Support System that is not considered a black box and practical for use. This paper thus aims to identify and examine the desired technical features required to develop a comprehensive DSS. Research into academic literature, journals, shipping databases, system manuals and interviews provide understanding on the current systems available and the desired features of a DSS. Interviews done on higher management shipping executives revealed three types of DSS – Research and Forecasting, Chartering and Ship Management modules. Technical features of a Research and Forecasting DSS include having a central database, auto-population function, trend projections, demand and supply variables and scenario projections. Technical features of a Chartering DSS comprise of a real time position list, real time collaboration, voyage estimation and an over-riding function. Technical features of a Ship Management DSS encompasses of a dash board control, fleet positioning and operations function. Through qualitative findings from the interviews, it was evident that there exists no such integrated DSS that comprehensively covers all aspects of shipping operations. Additional technical features that may enhance the effectiveness of a Decision Support System and a concept to develop an integrated and comprehensive DSS are highlighted in the last part of the paper.
author2 Lam Siu Lee
author_facet Lam Siu Lee
Poh, Letitia Jia Xuan
format Final Year Project
author Poh, Letitia Jia Xuan
author_sort Poh, Letitia Jia Xuan
title Shipping decision support system
title_short Shipping decision support system
title_full Shipping decision support system
title_fullStr Shipping decision support system
title_full_unstemmed Shipping decision support system
title_sort shipping decision support system
publishDate 2010
url http://hdl.handle.net/10356/39418
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