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About Ship Economy: Lecture Notes
This document contains lecture notes on ship economy from Professor Galal Younis for naval architecture students. It discusses the importance of engineering economy and how economic considerations must be applied to ship design. The traditional approach to ship design focused mainly on technical aspects, but the modern approach requires closer collaboration between shipbuilders and owners and evaluating multiple design alternatives based on factors like capital costs, operating costs, cargo capacity, speed and economic criteria. The economically optimal ship design is one that minimizes total capital and operating expenses over the ship's lifetime to maximize profits. Tools of ship economy that can be used in analysis include definitions of investment, capital, return, profit, income and expenses.
Detailed Information
| Author: | ['SDesigner1'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 42 |
| Language: | English |
| Format: | |
| Price: | FREE |
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