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Brodogradnja : An International Journal of Naval Architecture and Ocean Engineering for Research and Development, Vol. 70 No. 3, 2019.

Review article

https://doi.org/10.21278/brod70309

A DECISION-SUPPORT TOOL FOR DEMOLITION SALE OF A VESSEL

Basak Akdemir orcid id orcid.org/0000-0002-5468-0764 ; Bahcesehir University, Faculty of Engineering and Natural Sciences, 34353, Besiktas, Istanbul, Turkey
Ahmet Beskese orcid id orcid.org/0000-0003-4427-3986 ; Bahcesehir University, Faculty of Engineering and Natural Sciences, 34353, Besiktas, Istanbul, Turkey

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Abstract

The fundamental goal of any business is to create value for its owners. In shipping, the value is not only created with freight income, but also with the trade of the vessel itself. A ship has a limited lifetime and can be traded in different markets. The lowest value it will ever receive is its scrap price. An owner may decide to sell a vessel to scrap due to various reasons together with her physical condition and age. In this paper, a fuzzy Analytic Hierarchy Process based decision model is used to provide practitioners with a decision support tool for demolition sale versus further trading of a vessel. The usage of the tool is further illustrated with five actual cases.

Keywords

maritime management; demolition sale; ship management; shipping; decision support tools; fuzzy analytic hierarchy process; scoring guide; actual cases

Hrčak ID:

224353

URI

https://hrcak.srce.hr/224353

Publication date:

30.9.2019.

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