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http://dx.doi.org/10.7837/kosomes.2022.28.1.091

A Study on the Evaluation of Importance of Factors Affecting the Vessel Value  

Choi, Jung-Suk (Division of Maritime Transportation, Mokpo National Maritime University)
Namgung, Ho (Division of Navigation and Information System, Mokpo National Maritime University)
Publication Information
Journal of the Korean Society of Marine Environment & Safety / v.28, no.1, 2022 , pp. 91-99 More about this Journal
Abstract
The shipping industry is a service industry that operates its business by transporting cargo on ships and receiving freight. Therefore, large-scale capital investment is required for ship operation, and if the value of the ship is uncertain, the risk of shipping management increases. This study aims to identify the factors affecting changes in ship value and to analyze the importance of each variable. To achieve the goal, the factors affecting changes in ship value were identified and structured using the techniques of text mining and topic modeling, and classified into three main factors and 12 sub-factors. This study used AHP analysis to examine the relative importance of each factor. Results indicated that the main factor influencing the change in the vessel value was the shipping factor, followed by the investment factor and the environment factor. Other auxiliary factors that substantially affect the ship value include the volatility of the shipping market and of shipping freight.
Keywords
Ship valuation; Text Mining; Topic Modeling; AHP; Shipping Industry;
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Times Cited By KSCI : 2  (Citation Analysis)
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