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Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

Explore research outputs by the European Policies Research Centre...

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

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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