The delimitation of exclusive economic zones

In this paper Admiral Kapoor examines some of the problems relating to the delimitation of maritime boundaries, particularly that of exclusive economic zones, as they affect the hydrographic surveyor.     

The need for a structured policy towards reducing human-factor errors in marine accidents

The paper questions why so little attention has been given to the primary control centre of a merchant ship, namely the bridge, when so many accidents at sea are caused by 'human error'. The paper then suggests that there is a need for a policy which will draw the various threads of the problem together in a form suitable for international discussion and even legislation. The identified areas are those of training, bridge design, psychology and marine traffic discipline.     

Ship finance and Euro-markets

Due to the capital-intensive nature of the modern shipping industry, loan finance plays a major role in vessel-acquisition cost. In this paper, J. B. Yolland discusses government-guaranteed finance, ancillary and commercial new building finance and finance for second-hand tonnage. He also examines a new source of funding found in the Euro-market.     

A path-based user-equilibrium traffic assignment algorithm that obviates path storage and enumeration

This paper presents a novel user-equilibrium (UE) traffic assignment algorithm, which under conventional assumptions, promises to compute UE arc flows to acceptable precision, regardless of the network’s topology, size or congestion:

• The algorithm takes the simple approach of shifting flow from a costliest path to a cheapest path until the costs of all used paths are within a given of the cheapest.

• Because of being path-based, it avoids tailing.

• In spite of being path-based, it neither stores nor enumerates paths.

• These efficiencies derive from decomposing the problem into a sequence of easy single-origin problems on acyclic sub-networks.

Solutions to this sequence of sub-network flows converge rapidly to a sharp practical estimate of UE arc flows—as is amply demonstrated by tests using the Chicago region’s 40,000-arc network model.     

Parameter estimability in the multinomial probit model

A particular parameter estimability problem in the multinomial probit model is considered. Making use of a model discussed in the literature, some problems with the usual method of specification are discussed. Some general comments are made on the problem of selecting a normalisation when using the multinomial probit model.