COST-BENEFIT OF IMPROVING PORT ENTRANCE CHANNELS

Examines costs and benefits, alternatives in port investments, strategy and timing of channel improvements, a methodology for calculating benefits and the analytical problem. Without this article producing actual figures, it is the author's experience that the quantitative gains from improving restrictive port entrance channels are large, both in terms of their own financial net present value and in comparison with alternative port investment schemes to reduce congestion, and frequently less gross capital outlay is required or risked. Therefore, in any master plan for port development, this proposed investment should be carefully evaluated. Finally, the most important lesson is that cost-benefit studies of improving port approaches must be pragmatic. A mathematical model is a poor guide to an individual port's situation and quite useless as a tool of analysis for other ports.

• Corporate Authors:

  Taylor & Francis

  4 Park Square, Milton Park
  Abingdon,   United Kingdom  OX14 4RN
• Authors:
  • Stonham, P E
• Publication Date: 1976

Media Info

• Pagination: p. 169-174
• Serial:
  • Maritime Studies and Management
  • Volume: 3
  • Publisher: Taylor & Francis

Subject/Index Terms

• TRT Terms: Cost effectiveness; Dredging; Economic analysis; Improvements; Port operations; Ports; Transportation planning
• Old TRIS Terms: Economic analysis (Ports)
• Subject Areas: Economics; Marine Transportation; Terminals and Facilities;

Filing Info

• Accession Number: 00134632
• Record Type: Publication
• Source Agency: Taylor & Francis
• Files: TRIS
• Created Date: Jun 9 1976 12:00AM