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http://dx.doi.org/10.3744/SNAK.2005.42.6.673

Life-Cycle Cost Analysis of Ballast Water Treatment System  

Kim, Je-Eun (Dept. of Naval Architecture and Ocean Engineering, Pusan University)
Kim, Soo-Young (Dept. of Naval Architecture and Ocean Engineering, Pusan University)
Kim, Hyung-Man (Republic of Korea Naval Academy)
Seo, Guan-Hui (Hanjin Heavy Industries & Construction Co., Ltd.)
Publication Information
Journal of the Society of Naval Architects of Korea / v.42, no.6, 2005 , pp. 673-678 More about this Journal
Abstract
IMO adopted ' International Convention for The Control and Management of Ships' Ballast Water and Sediments ' on February 13th 2004. According to this convention, a ballast water treatment system should be installed in all ships obligatorily up to a standard date. When the system is installed, economic propriety should be considered. The economic propriety analysis examines the profit of a relevant project which can be presented by a equation, (Profit) = (income) - (expense) - (tax). However, the ballast water system is not for the profit during the life cycle but for the satisfaction of the regulation. Therefore, the expense should be minimum against the profit. This study presents the LCC(Life-Cycle Cost) analysis for economic evaluation of several ballast water system of foreign products.
Keywords
Ballast water; Treatment system; Economic analysis; Life-cycle cost analysis;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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