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.


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    Title :

    Effectiveness of corrosion measures to bulk carriers with Life Cycle Cost Analysis


    Published in:

    Publication date :

    2009-01-01


    Size :

    24 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English






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