EconSearch Completed Project

Project: Economic Analysis of Research Vessel Replacement (2009)

Client: South Australian Research and Development Institute

Summary: Cost benefit analysis was used in this report to compare two options of replacing the South Australian Research and Development Institute (SARDI) research vessel against the base case of retiring the existing vessel with no replacement. Replacement of the existing SARDI owned research vessel, the Ngerin, with a purpose built research vessel would enable South Australia to meet its existing commitments and strategies and to meet research needs in the future. The study undertook a comprehensive economic analysis of research vessel replacement, including SARDI and whole of community costs and benefits.