In ship building, the design objective is based on the performance, in terms of technological aspects such as fuel oil consumption rate, maximum speed or combination of those. The proposed method simulates the detailed cost breakdown based on the developed ship performance model and estimates the operational condition to maximize the profit in the market. The operation condition determines the service speeds at full and empty ship, and the market includes the oil price and the freight market. By considering only the technological indicators and assuming technological systems and the fluctuation of economic situations, the designs give different results. This manuscript illustrates how the proposed method works in a case to determine a propeller of a large tanker.


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    Title :

    Simulation-Assisted Ship Design Method for Maximizing Profit



    Published in:

    Publication date :

    2015-05-18


    Size :

    4 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




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