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- W2231340438 abstract "Charity begins at home is a good saying. Something synonymous is 'Ship Economy begins on board', gathered by the author during 22 years of sailing experience out at high seas. Commercial merchant shipping is very highly competitive during the present day and demands very high performance from ship operators, which ultimately boils down to highest degree of performance expected from ship staff. Unfortunately on board ships engineering officers and deck officers are not economists. But in the present day competitive market there is a dire need to educate the officers on board vessels the importance of economics leading to efficient ship operation. The author based on his vast sailing experience and research studies intends to highlight a 'Fault Tree Analysis' (FTA) approach for economical ship operation. FTA is a 'Top Down' approach. Starting from the definition of a top undesirable event, such as 'Stoppage of a vessel' or 'Hold not in readiness for loading of Cargo', all possible paths to failure are traced, down to the basic set of initiating events. These basic events are combined by AND/OR gates to form logic Fault Tree. Case studies on Panarnax and Capesize bulkers have shown that recognition of basic events can lead to avoidance of Top undesirable events similar to the ones mentioned above. The idea is to focus attention on Fault Tree, recognise the basic event, eliminate the same and reap high benefits as can be shown in a Cost-Benefit analysis." @default.
- W2231340438 created "2016-06-24" @default.
- W2231340438 creator A5050549886 @default.
- W2231340438 date "2004-01-01" @default.
- W2231340438 modified "2023-09-24" @default.
- W2231340438 title "Ship Ecomony: A Fault Tree Approach to Address Shipboard, Practical Problems to Achieve a Huge Benefits to Cost Ratio" @default.
- W2231340438 hasPublicationYear "2004" @default.
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