Port or shipping project appraisal under risk .

Investments in ports and shipping today are subject to uncertainty in demand, costs, prices, and technology requirements. As a result, port and shipping project appraisal must consider the risk of project decisions on outcome. The basic concepts of project appraisal under risk are discussed in this paper, and the effects of uncertainties on measures of project performance such as net present value or internal rate of return are reviewed. Applications of the approach advocated are presented in a follow-up paper.     

Carrier selection in a RO/RO ferry trade Part 1. Decision factors and attitudes

The choices faced by shippers are generally complex. Typically, the shipper is presented with a range of alternative carriers, each of which has its individual strengths and weaknesses. A survey of companies purchasing shipping services in an overnight RO/RO ferry trade was conducted to identify their priorities and to help understand and the decision-making process. The shippers were found to be conservative decision makers with a strong emphasis on quality of service.     

A comparative study of the dynamic behaviour of a fast patrol boat travelling in rough seas

This paper describes a comparative study between full scale measurements recorded on a fast patrol boat encountering heavy winter seas, south of the Isle of Wight and theoretical predictions accounting for the slamming behaviour of the flexible hull. A hydroelastic approach is adopted and satisfactory agreement between measured and predicted responses demonstrated.     

A shipbuilder's view of safety

Shipbuilders do not consider themselves leaders in furthering safety. There has been rapid growth in safety legislation but actual improvement has been modest. Casualty rates could most effectively be reduced in future by removing older ships. The responsibilities for safety in the longer term need consideration.     

Physically Realisable Feedback Controls for a Fully Active Preview Suspension Applied to a Half-Car Model

An optimal preview type active suspension with feedback control based on easily measured relative displacements, velocities and accelerations is proposed. Measurements relative to the road, except by the preview sensor, are not required and the front and rear spring rates are quite arbitrary. Also, state estimators or observers are unnecessary and as a practical alternative the body accelerometers may be replaced by load cells. The effects of preview on the performance, for a theoretical step type road input and an analogous random road input, are described. The definition of the optimum preview function, and its consequent effects on performance, receives attention and an example is given.     

An Active Suspension with Optimal Linear State Feedback

In this paper modern optimal control theory is applied to the design of an active suspension system for a motor vehicle. The road profile is assumed to be continuous and random with a power spectral density (P.S.D.) which varies inversely with the square of the frequency. The quadratic integral type performance index employed is a weighted sum of the integral squares of body acceleration, dynamic tyre deflection and relative body-to-axle displacement. A solution is obtained for the infinite time case which is both computationally and physically realizable as an active suspension in which the only continuous measurements required are the body absolute velocity and the body displacement relative to the road. The performance is compared with that of a conventional type passive suspension and found to be significantly better in practically all respects.     

Influence of peak spreading and departure time choice on evaluation of its measures

Intelligent transport systems provide various means to improve capacity and travel time in road networks. Evaluation of the benefits of these improvements requires consideration of travellers' response to them. We consider a continuous‐time equilibrium model of departure time choice and identify a formula for the dynamic equilibrium departure rate profile. We develop the analysis to consider the effect on the cost incurred by travellers of ITS measures through their effects on each of the travel time in the absence of congestion, and the capacity for travel. This shows the importance in choice of departure time of travellers' values of time at each of the origin and destination of their journeys. We show the importance of these values of time in evaluation, and that if travellers value their time at both the origin and destination of their journeys, their responses will lead them to achieve a greater reduction in costs than would be achieved under free‐flow conditions.