At the MIT Center for Transportation & Logistics

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Quantifying Uncertainty in Marine Voyage Time

Authors:
Matthew Adiletta, Syed Mahdi
MIT Supply Chain Management Program (SCM)



Summary:
This project focuses on quantifying uncertain inputs to dependent models. Voyage duration, along with variation in its predictors, serve as a representative forecast within a broader voyage optimization program. By properly characterizing and communicating forecast uncertainties, we can enhance the receiving model’s ability to deliver meaningful value.


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