This paper is aimed at a wide audience within the marine industry. The introduction is a survey of decision-making concepts and is intended primarily for those who are unfamiliar with engineering economics. A closely related section tackles the specifics of selecting measures of merit to suit various circumstances. Other sections illustrate the fundamental concepts with applied studies of how to handle inflation when making design decisions, the impact of higher fuel costs, selecting the best ship for moving oil from the Persian Gulf to New York, and, finally, some sensitivity studies that show clearly which elements of ship design and operation have the most impact on economic performance.

  • Supplemental Notes:
    • Presented at the First Ship Technology and Research (STAR) Symposium, Washington, D.C., August 26-29, 1975.
  • Corporate Authors:

    Society of Naval Architects and Marine Engineers

    601 Pavonia Avenue
    Jersey City, NJ  United States  07306-2907
  • Authors:
    • Benford, H
  • Publication Date: 1975-8

Media Info

  • Features: References;
  • Pagination: 24 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00126942
  • Record Type: Publication
  • Source Agency: Society of Naval Architects and Marine Engineers
  • Report/Paper Numbers: #14
  • Files: TRIS
  • Created Date: Nov 5 1975 12:00AM