16 March 2009

(1965) Benford - Fundamentals of ship design economics : lecture notes

My object in preparing these notes is to introduce students of naval architecture and marine engineering to engineering economy as a tool in ship design. The emphasis is on the principles of engineering economy. Methods of making practical application of these principles to commercial ship design are dealt with as well, but no effort is made to provide factual cost data. You will find such information available in industry, and years of experience may bring you the facility of
making reliable projections into the future.
There is no intent here to teach business administration. Overlapping areas exist, however, and I shall try to indicate which decisions are clearly management's prerogative, which may belong either to management or engineering, and which belong to engineering alone.
Problems in communication frequently arise in matters of the sort dealt with here. Businessmen, engineers, and economists all may use different words for the same thought or the same word for different thoughts. I make no claim that my particular definitions are better than anyone else's. But I do aim to be clear and consistent, and hope you will concentrate on the thoughts, not the semantics, herein.

Keywords:
Engineering economy.Naval architecture -- Economic aspects.Shipbuilding -- Costs.

Table of Content

NOMENCLATURE
PREFACE
INTRODUCTION
THE TIME-VALUE OF MONEY
PRESENT WORTH
INTEREST RELATIONSHIPS
PRESENT WORTH OF COMPLEX CASH FLOWS
AVERAGE ANNUAL COST
FINDING AN UNSPECIFIED INTEREST RATE.
CORPORATE PROFITS TAX
CHOOSING AN INTEREST RATE
ECONOMIC CRITERIA
UNSOUND CRITERIA
CAPTIVE FLEETS
APPENDIX: INTEREST TABLES

# Title : Fundamentals of ship design economics : lecture notes
# Auhor : Martin Bates
# Paperback: 64 pages
# Publisher: THE UNIVERSITY OF MICHIGAN (January, 1965)
# Other Identifiers: UMR0300
#
http://hdl.handle.net/2027.42/3523

Source : DeepBlueUMich


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