Bidding for the S.S. Kuniang

David E. Bell
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David E. Bell: Graduate School of Business Administration, George F. Baker Foundation, Harvard University, Soldiers Field, Boston, Massachusetts 02163

Interfaces, 1984, vol. 14, issue 2, 17-23

Abstract: New England Electric was pondering whether to bid for the salvage rights to a grounded ship, the S.S. Kuniang . The ship could be repaired and used to haul coal for the utility's power stations, recently converted from oil. A bid was determined using a decision tree, a simulation, and net present value calculations.

Keywords: decision; analysis:; applications (search for similar items in EconPapers)
Date: 1984
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