volume 4, issue 3, P274-297 2019
DOI: 10.1108/mabr-04-2019-0016
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Said El Noshokaty

Abstract: Purpose This paper aims to study the implication of the stochastic gross-profit-per-day objective on the ship profitability and the ship capacity and speed. Design/methodology/approach The paper has used the mathematical model and the solution methodology given by El Noshokaty, 2013, 2014, 2017a, 2017b, and SOS, 2019. Findings The paper finds that if the ship owner follows the rate concept and the cargo demand forecast, he can improve the profitability of his company and be able to select the proper capac…

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