Open AccessSTATIC AND DYNAMIC PRINCIPLES FOR ASSESSING ECONOMIC EFFICIENCY OF MODERNIZATION OF VESSELS
Author(s) -
Sergey Sergeevich Marchenko,
Alexander Nikolaevich Lazarev
Publication year - 2019
Publication title -
vestnik astrahanskogo gosudarstvennogo tehničeskogo universiteta. seriâ: èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2309-9798
pISSN - 2073-5537
DOI - 10.24143/2073-5537-2019-3-30-38
Subject(s) - modernization theory , work (physics) , upgrade , economics , engineering , economic growth , computer science , mechanical engineering , operating system
The article deals with the problem of the economic feasibility of continuing the operation of obsolete vessels, their modernization and acquisition of new modern vessels. There have been analyzed the economic issues of modernization of obsolete vessels, content of work on the modernization of vessels, as well as fundamental differences between the modernization of existing vessels and their replacement with new ones. Static principles of determining the economic efficiency of the vessels modernization are formed, which allows a preliminary assessment of the economic feasibility of work on the modernization of vessels. Methodological guidelines for determining the economically viable payback period of a modernized vessel have been developed. It is recommended to evaluate the economic feasibility of modernizing an outdated vessel compared to replacing it with a new competitive vessel by comparing operating costs for an existing vessel after upgrading it with operating costs for a new vessel, as well as comparing capital investments in upgrading and purchasing a new vessel. Inequality is constructed, expressing the economic feasibility of the early replacement of obsolete vessels with new modern ones compared to the modernization. The dynamic principles of the economic evaluation of the modernization of vessels are formed, taking into account the change in the value of money over time during the investment stages of the project on the modernization of the vessel and the subsequent periods of operation of the upgraded vessel. Calculations were made of the economic efficiency of the modernization of the Volzhsky vessel of the project 05074, the purpose of which was to upgrade the power plant and reduce operating costs. The positive results of the modernization of vessels of the river fleet are considered. The negative aspects of the modernization of vessels that should be taken into account when choosing the direction of updating the fleet of the Russian shipping companies are identified.