Picture water droplets

Developing mathematical theories of the physical world: Open Access research on fluid dynamics from Strathclyde

Strathprints makes available Open Access scholarly outputs by Strathclyde's Department of Mathematics & Statistics, where continuum mechanics and industrial mathematics is a specialism. Such research seeks to understand fluid dynamics, among many other related areas such as liquid crystals and droplet evaporation.

The Department of Mathematics & Statistics also demonstrates expertise in population modelling & epidemiology, stochastic analysis, applied analysis and scientific computing. Access world leading mathematical and statistical Open Access research!

Explore all Strathclyde Open Access research...

Maintenance/repair and production-oriented life cycle cost/earning model for ship structural optimisation during conceptual design stage

Turan, O. and Olcer, A.I. and Lazakis, I. and Rigo, P. and Caprace, J.D. (2009) Maintenance/repair and production-oriented life cycle cost/earning model for ship structural optimisation during conceptual design stage. Ships and Offshore Structures, 4 (2). pp. 107-125. ISSN 1754-212X

[img]
Preview
PDF (Paper_Maintenance_Life_Cycle_Cost_Earning_Model.pdf)
Paper_Maintenance_Life_Cycle_Cost_Earning_Model.pdf
Accepted Author Manuscript

Download (410kB) | Preview

Abstract

The aim of this paper is to investigate the effect of the change in structural weight due to optimisation experiments on life cycle cost and earning elements using the life cycle cost/earning model, which was developed for structure optimisation. The relation between structural variables and relevant cost/earning elements are explored and discussed in detail. The developed model is restricted to the relevant life cycle cost and earning elements, namely production cost, periodic maintenance cost, fuel oil cost, operational earning and dismantling earning. Therefore it is important to emphasise here that the cost/earning figure calculated through the developed methodology will not be a full life cycle cost/earning value for a subject vessel, but will be the relevant life cycle cost/earning value. As one of the main focuses of this paper is the maintenance/repair issue, the data was collected from a number of ship operators and was solely used for the purpose of regression analysis. An illustrative example for a chemical tanker is provided to show the applicability of the proposed approach