Journal of the Society of Naval Architects of Korea (대한조선학회논문집)

The Society of Naval Architects of Korea (대한조선학회)
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A Study on Economic Analysis of LNG Fuel Propulsion Ships using Life Cycle Cost(LCC) Based on Combined Interest Rates and Sensitivity Analysis

복합이자율과 민감도분석에 기반한 LCC 기법에 의한 LNG 연료추진 선박 경제성 평가 사례 연구

  • Hong, Jin Pyo (Basic Technology Team, STX Offshore & Shipbuilding) ;
  • Kim, Su Yeong (Dept. of Naval Architecture & Ocean Engineering, Pusan National University) ;
  • Kim, Chwa Jin (Basic Technology Team, STX Offshore & Shipbuilding)
  • 홍진표 (sTX조선해양 기본기술팀) ;
  • 김수영 (부산대학교 조선해양공학과) ;
  • 김좌진 (STX조선해양 기본기술팀)
  • Received : 2013.11.01
  • Accepted : 2014.09.17
  • Published : 2014.12.20
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Abstract

The purpose of this study is to compare the economics between a diesel propulsion vessel and a LNG fuel propulsion vessel through the analysis of the present value using the LCC(Life Cycle Cost) method. This study is also to judge the economics for long-term operation of a LNG fuel propulsion vessel as a result of analysis about the equivalent uniform annual cost. In particular, LCC method was strengthened by sensitivity analysis based on combined interest rate which is considering discount rate and inflation rate simultaneously.

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References

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  3. Shin, B.C., 2013. Research on Economic Evaluation of Nuclear Powered Ships. Seoul: Ship & Offshore Design Research Committee.