An analysis of the repair and replacement cost assessment of ships

Abstract

This passage will evaluate an old vessel in a project management manner to determine whether it should be repaired or replaced. The article will evaluate the project on five parts, we will Solve two problems, which is problem a and b, and focus on solving the b problem, We will first conduct background research on the data, then bring the data into the formula for calculation, and finally make a chart, appendix and chart will be presented at the end of the passage.