Life Cycle Cost Analysis of Ashore Marine Engine Room
This paper aims to present a method for comparing decision options for the ashore marine engine room. Based on the life cycle cost system, the life cycle stages are divided into design, acquisition, installation, operation, maintenance, and scrapping. A model of the life cycle cost of ashore marine...
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2022/7237281 |
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| _version_ | 1832553690639106048 |
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| author | Long Lyu Long Huang Jing Yu |
| author_facet | Long Lyu Long Huang Jing Yu |
| author_sort | Long Lyu |
| collection | DOAJ |
| description | This paper aims to present a method for comparing decision options for the ashore marine engine room. Based on the life cycle cost system, the life cycle stages are divided into design, acquisition, installation, operation, maintenance, and scrapping. A model of the life cycle cost of ashore marine engine room considering the time value of money was developed, and a calculation method for sensitivity analysis was developed. Regarding the actual case, the life cycle cost of the two options was estimated, the sensitivity of the cost of the two options was analyzed, and control recommendations were made. The results show that Option 2, with the highest initial investment, is the optimal solution, attributed to using an advanced two-stroke diesel engine with reduced operation and maintenance costs. This will be useful for reference by maritime academies. |
| format | Article |
| id | doaj-art-8036f8bf35ab48db9ad4ead625e684b1 |
| institution | Kabale University |
| issn | 1687-8094 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-8036f8bf35ab48db9ad4ead625e684b12025-02-03T05:53:29ZengWileyAdvances in Civil Engineering1687-80942022-01-01202210.1155/2022/7237281Life Cycle Cost Analysis of Ashore Marine Engine RoomLong Lyu0Long Huang1Jing Yu2School of Marine Intelligent EngineeringSchool of Marine Intelligent EngineeringSchool of Marine Intelligent EngineeringThis paper aims to present a method for comparing decision options for the ashore marine engine room. Based on the life cycle cost system, the life cycle stages are divided into design, acquisition, installation, operation, maintenance, and scrapping. A model of the life cycle cost of ashore marine engine room considering the time value of money was developed, and a calculation method for sensitivity analysis was developed. Regarding the actual case, the life cycle cost of the two options was estimated, the sensitivity of the cost of the two options was analyzed, and control recommendations were made. The results show that Option 2, with the highest initial investment, is the optimal solution, attributed to using an advanced two-stroke diesel engine with reduced operation and maintenance costs. This will be useful for reference by maritime academies.http://dx.doi.org/10.1155/2022/7237281 |
| spellingShingle | Long Lyu Long Huang Jing Yu Life Cycle Cost Analysis of Ashore Marine Engine Room Advances in Civil Engineering |
| title | Life Cycle Cost Analysis of Ashore Marine Engine Room |
| title_full | Life Cycle Cost Analysis of Ashore Marine Engine Room |
| title_fullStr | Life Cycle Cost Analysis of Ashore Marine Engine Room |
| title_full_unstemmed | Life Cycle Cost Analysis of Ashore Marine Engine Room |
| title_short | Life Cycle Cost Analysis of Ashore Marine Engine Room |
| title_sort | life cycle cost analysis of ashore marine engine room |
| url | http://dx.doi.org/10.1155/2022/7237281 |
| work_keys_str_mv | AT longlyu lifecyclecostanalysisofashoremarineengineroom AT longhuang lifecyclecostanalysisofashoremarineengineroom AT jingyu lifecyclecostanalysisofashoremarineengineroom |