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Assessment of the future market for disposal of ships using artificial intelligence

Lookup NU author(s): Professor George Bruce

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Abstract

Demolition of ships is influenced by various factors which determine the time, price and the rate of demolition. Some of these factors are internal and dependent on physical and technical criteria, but there are also external factors, related for example to economic policies, inflation and political issues. Collating all the factors into a model to predict demolition is complicated and difficult because some of the factors, like political issues are unpredictable. Despite the difficulties the ability to forecast future demolition is important. Past demolition data provides the most accurate information on which an assessment can be based. By studying the past data and finding how different factors affect each other, some relationships have been found. However accurate the relations are, assessment of the future remains difficult and use of artificial intelligence provides a powerful computing system which can be used to determine the different connections. Using monthly time series over a ten year period a Feed-forward Neural Network has been trained in the logic of interaction between the different factors affecting demolition. A model has been developed which gives some useful results, assuming no sudden or unexpected events occur. The model is believed to have some potential for predicting future demolition patterns. © 2005: Royal Institution of Naval Architects.


Publication metadata

Author(s): Bruce G, Khalil F

Publication type: Conference Proceedings (inc. Abstract)

Publication status: Published

Conference Name: RINA, Royal Institution of Naval Architects International Conference - Recycling of Ships and other Marine Structures

Year of Conference: 2005

Pages: 49-54

Publisher: Royal Institution of Naval Architects

URL: http://www.scopus.com/record/display.url?eid=2-s2.0-33644998701&origin=resultslist&sort=plf-f&src=s&st1=Assessment+of+the+future+market+for+disposal+of+ships+using+artificial+intelligence&sid=7iaoMKwK6WlOJ-2QsGHz6Gh%3a420&sot=b&sdt=b&sl=118&s=TITLE-ABS-KEY%28Assessment+of+the+future+market+for+disposal+of+ships+using+artificial+intelligence%29+AND+PUBYEAR+IS+2005&relpos=0&relpos=0

Notes: Code 66843

Library holdings: Search Newcastle University Library for this item

ISBN: 1905040121


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