This article investigates whether time variation in the returns' co-movement of oil and Baltic Dirty Tanker Index can be linked to market uncertainty. We measure uncertainty using a battery different proxies considering both parametric non-parametric methods study its role from statistical economic perspectives. Using regression framework combined with regime switching analysis, we show that pr...

We report on a decision support system (DSS) that recommends solutions to a particular version of the vehicle routing problem occurring in the New Zealand dairy industry. FleetManager is a DSS developed for use by New Zealand milk tanker schedulers and is designed to aid them in creating or improving milk tanker routes using their experience and preferences. The DSS uses multiple, resizable, ov...

Product oil tankers are essential transportation equipment for petroleum transfer. Due to products’ intense penetration and solubility, the quality requirements coating product high, regular maintenance is needed. Currently, this relies on manual labor, which involves working in enclosed spaces with harsh conditions, high labor intensity, long time periods, unstable quality. We proposed a light...