Method for Estimating Price of Second hand Ship with Multi Method

Abstract

Demand fleet as a means of marine transport could be met by building new ships and buying second-hand vessels. The current constraints in building a new ship are the cost relatively expensive and take a long time, while the profit for the procurement of second hand ships time relative faster and cheaper price. This study aimed to identify the price of second hand vessels and to develop a cost estimation model second hand vessels. Collecting data with survey vessel prices do with field surveys and market surveys via the internet on websites selling used shipbroker. Data survey include the price, type of vessel, the main dimension, tonnage, machines, materials and speed. Multi-methods data processing and analysis consisting of market price approach, comparative vessel and physical pricing approach. Estimated price or appraisal vessel obtained from the average value of the three methods.

Research On the Pricing Model of Second-Hand Sailboats Based on GDBT Model

“…Floriano [5] established a model of the relationship between shipbuilder countries and second-hand ship prices and concluded that ships built in Japan and Europe often receive higher prices than other countries. Azhar A [6] builded a cost estimation model of a used ship to determine the price of a used ship andbuilds a cost estimation model of a used ship. The data was processed and analyzed by multiple methods including market price method, comparative ship and physical pricing method, and the estimated price or appraised ship is obtained from the average of the three methods.…”

Method for Estimating Cost of New Ship Building with Linear Regression

“…The estimated price of secondhand vessels can also be determined in the form of percentage reductions based on the life of the vessel [2] (table 1). Other more comprehensive methods are market price, comparative vessel and physical ship price, and the estimated ship price is obtained from the average value of the three methods [4], Figure 1. Fleet support in order to implement the sea toll program [1] The cost component of building a new ship from the results of another study consists of tangible and non-tangible factors [5].…”