Benefits and Costs of Loran-C Expansion into the Eastern Caribbean
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Benefits and Costs of Loran-C Expansion into the Eastern Caribbean

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    NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE;NTL-ECONOMICS AND FINANCE-Marine Economics and Finance;NTL-MARINE/WATERWAYS TRANSPORTATION-Marine Economics and Finance;NTL-MARINE/WATERWAYS TRANSPORTATION-MARINE/WATERWAYS TRANSPORTATION;
  • Abstract:
    This study assesses the benefits and costs to the marine community of various LORAN-C alternatives for possible expansion into the Eastern Caribbean. Also considered, but at a lesser level of detail, is the application of Differential Omega as an additional alternative. Included are projections through the year 2000 for user and government costs and benefits, user populations, and traffic flows are trade patterns. User populations are defined in terms of large and small commercial vessels, fishing and commercial sport fishing vessels, and pleasure craft. Trade and traffic flows are characterized by principal commodity, vessel type, origin and destination and vessel routing. Measures of comparative system value include benefit/cost ratios, benefits and costs generated per vessel, and benefits and costs per square mile of signal coverage. Also included are case studies of marine groundings in the Caribbean, studies of current and future directions of the Puerto Rico-Virgin Islands fishing industry and future trends for recreational boating in the region. (Author)
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