This paper is aimed at providing a framework for cost-benefit assessment of proposed safety measures with the usage of Life Cycle Cost Analysis, a decision-making technique for exploiting different investment opportunities. The reasonable practicality for implementing the proposed measures is supported by cost-effectiveness indices, in terms of a risk-factored cost of the fatalities that would have been averted. Their application is demonstrated by investigating the effectiveness of corrosion measures to bulk carriers.
Effectiveness of corrosion measures to bulk carriers with Life Cycle Cost Analysis
International Shipbuilding Progress ; 56 , 3-4 ; 95-118
2009-01-01
24 pages
Article (Journal)
Electronic Resource
English
Effectiveness of corrosion measures to bulk carriers with Life Cycle Cost Analysis
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