Economic viability is of major interest to all concerned with innovation. While computer-based automation offers potential benefit beyond the prime interest of shipowners, identification of the aggregate value is considered to rest in the value of the initial marginal benefit experienced by the innovative owner. The method adopted sets out to determine the relationships between the cost of developing, implementing and maintaining individual automation modules or groupings and the possible beneift to be derived from their use on board ten basic ship types. A direct relationship between module costs and economic benefit has been obtained in the areas of bridge and cargo systems. In direct relationship between module costs and economic benefit, estimates have been made of the minimum annual benefit required for economic viability of a module to exist.

Media Info

  • Features: References;
  • Pagination: p. 56-77

Subject/Index Terms

Filing Info

  • Accession Number: 00128990
  • Record Type: Publication
  • Source Agency: Royal Institution of Naval Architects, England
  • Report/Paper Numbers: Paper No. 5
  • Files: TRIS
  • Created Date: Jan 21 1976 12:00AM