Appraisal of fishing vessel economics using risk analysis

Author

Shama, M.A.

Author_Institution

Fac. of Eng., Alexandria Univ., Egypt

fYear

1993

fDate

25-28 Apr 1993

Firstpage

365

Lastpage

370

Abstract

The engineering economy approach is presented. The relevant measures of profitability are identified and given. The probabilistic approach for evaluating fishing vessel economics is presented. Particular emphasis is placed on the variabilities of both revenues and expenditure as well as their statistical parameters. The effect of uncertainties in the prediction of both revenues and expenditures on the profit margin is investigated. It is shown that it is possible to determine the minimum revenue required to satisfy an acceptable risk

Keywords

agriculture; economics; probability; risk management; engineering economy approach; expenditure; fishing vessel economics; probabilistic approach; profitability; revenues; risk analysis; statistical parameters; Appraisal; Costs; Economic forecasting; Equations; Investments; Marine vehicles; Power generation economics; Profitability; Risk analysis; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Uncertainty Modeling and Analysis, 1993. Proceedings., Second International Symposium on

Conference_Location

College Park, MD

Print_ISBN

0-8186-3850-8

Type

conf

DOI

10.1109/ISUMA.1993.366743

Filename

366743

Link To Document

https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2364438