Sailing Speed Optimization Model for Slow Steaming Considering Loss Aversion Mechanism

<div>Sensitivity analysis at different benchmark speeds <span class="nowrap"><svg height="11.927pt" id="M157" style="vertical-align:-3.291101pt" version="1.1" viewbox="-0.0498162 -8.6359 12.4056 11.927" width="12.4056pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M697 650H468L461 623L492 619C539 613 547 605 518 546C481 471 367 264 278 116H276C239 278 197 500 186 567C180 604 185 613 226 619L252 623L260 650H24L17 623C78 617 92 613 108 533L216 -11H247C365 200 515 462 560 529C616 612 624 615 689 623L697 650Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,7.332,3.132)"><path d="M245 635C92 635 37 457 37 312C37 149 91 -12 244 -12C395 -12 449 166 449 312C449 469 395 635 245 635ZM243 598C332 598 358 454 358 312C358 173 334 26 245 26C158 26 128 174 128 313S152 598 243 598Z"></path></g></svg>.</span></div>

Journal of Advanced Transportation

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Figure 3

Figure 3: Sailing Speed Optimization Model for Slow Steaming Considering Loss Aversion Mechanism 