1. PREDICTION OF A NEWBUILDING PROCE OF THE BULK CARRIERS BASED ON GROSS TONNAGE GT AND MAIN ENGINE POWER
- Author
-
Żaneta Cepowska and Tomasz Cepowski
- Subjects
Engine power ,Engineering ,Cost estimate ,gross tonnage ,design ,artificial neural net-works ,020101 civil engineering ,02 engineering and technology ,010501 environmental sciences ,01 natural sciences ,Industrial and Manufacturing Engineering ,0201 civil engineering ,Management Information Systems ,Tonnage ,bulk carrier ,Management of Technology and Innovation ,lcsh:Production management. Operations management ,Business management ,approximation ,0105 earth and related environmental sciences ,Artificial neural network ,business.industry ,engine power ,newbuilding price ,Industrial engineering ,Shipbuilding ,cost estimation ,linear regression ,Artificial intelligence ,lcsh:TS155-194 ,business - Abstract
The paper presents mathematical relationships that allow us to forecast the newbuilding price of new bulk carriers, based on data concerning vessels built in 2005-2015. The presented approximations allow us to estimate the price based on a gross tonnage capacity and a main engine power The approximations were developed using linear regression and the theory of artificial neural networks. The presented relations have practical application for estimation of bulk carrier newbuilding price needed in preliminary parametric design of the ship. It follows from the above that the use of artificial neural networks to predict the price of a bulk carrier brings more accurate solutions than linear regression.
- Published
- 2017