The most cost-effective approach to studying the feasibility for a shipbuilding and a shipping project is to split this process in stages. It is not advisable spending too much time and money on a full feasibility study to assess whether the potential project makes basic economic sense. So it is rational to undertake a pre-feasibility study in the real beginning to determine the project's economic effectiveness and provide information for determining whether to proceed forward with a feasibility study and more detailed engineering work.
NASDIS pds provides rational and objective feasibility studies, conducting due analyses on alternative ship and/or fleet projects. NASDIS pds’ know-how will ensure the best possible choice for a number of competitive solutions. NASDIS pds also identifies areas within the project that require more efforts mainly because they mostly affect the techno-economic outcomes of the project.
For single ships NASDIS pds provides the simplest possible process of reliable feasibility study. For fleet projects more stages of feasibility studies are recommended where full integration of ships and surrounding logistics is accomplished.
A feasibility study may include some or all of the following components:
- Technical Feasibility: NASDIS pds conducts statistical assessments to evaluate the ship performance for expected targets while considering permitting constraints due to physics, norms, etc.;
- Economic Feasibility: NASDIS pds has developed a life-cycle cost (LCC) analysis tool that is used to analyze the cost effectiveness of building, operating, and maintaining a ship over its life span;
- Decision-based design (DBD) tool that allows the client to rank the most feasible solutions.
