Skip to main content

Advertisement

Table 7 The net present values of total costs each period for 300 sample paths for two types of vessels (unit:$)

From: Investment decisions under uncertainty on LNG-powered vessels for environmental compliance

Sample path j 1–20a 2–21 3–22 4–23 5–24
 1 93,652,148 94,619,235 96,308,355 97,813,552 99,229,020
 2 87,457,616 86,617,530 85,429,349 84,239,065 83,983,471
 3 91,875,435 92,990,715 94,714,786 96,839,855 99,295,831
  114,598,621 116,251,992 117,713,689 118,678,309 119,689,962
 298 93,650,277 93,710,972 93,995,208 94,113,740 94,653,258
 299 93,532,797 94,041,005 94,933,723 95,451,127 95,576,234
 300 82,098,887 82,644,984 83,956,705 85,022,315 85,737,473
Part 2: The net present values of total costs each period for 300 sample paths for a LNG powered vessel
 1 79,517,962 80,917,733 81,922,366 82,876,357 84,012,918
 2 80,967,571 82,311,144 83,878,890 85,459,745 86,618,243
 3 81,442,731 82,768,563 83,555,735 84,776,658 86,053,819
  83,744,186 84,999,982 86,230,016 87,056,316 87,897,931
 298 84,168,935 85,602,135 86,892,395 88,276,463 89,917,868
 299 79,497,737 80,667,512 82,373,912 84,099,198 85,495,554
 300 79,918,498 81,261,929 82,257,027 83,598,094 84,725,689
  1. a1–20 means the investment in 2016 and the ship will be operated for the next 20 years. 2–21 means the investment in 2017 and the ship will be operated for the next 20 years. 3–22 means the investment in 2018 and the ship will be operated for the next 20 years. 4–23 means the investment in 2019 and the ship will be operated for the next 20 years. 5–24 means the investment in 2020 and the ship will be operated for the next 20 years