碩士 / 中華大學 / 工業工程與管理研究所 / 88 / This study constructs a theoretical framework to study the owner of vessel whether accepting the vessel buyback program or not. Under given circumstances, the owner of vessel has to decide the optimal vessel ownership period at first, and then to determine the willingness to accept (WTA) amount. We get two conclusions as follows:
1.Under certain conditions, the different owners’ net profit functions lead to different optimal vessel ownership periods, the willingness to accept amounts and the buyback amounts considering, that is, different economic factors will have different results. Even under the same economic factor, the different parameters will also have different results.
2. Under uncertain conditions, the optimal vessel ownership period is decided by the lowest threshold value. The model enables us to determine the willingness to accept amount in the uncertain case which is higher than that of in the certain case. Therefore, it is worth to wait more profitable information coming for decision making.
According to above conclusions, policy makers should consider more environmental variables except age of vessel when they implement the program of vessel buyback.
Keywords: the optimal vessel ownership period, vessel buyback program, willingness to accept, option value
| Identifer | oai:union.ndltd.org:TW/088CHPI0031048 |
| Date | January 2000 |
| Creators | 許慧齡 |
| Contributors | 李堯賢 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 88 |
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